ASX-listed junior Galena Mining will raise A$10-million through a subscription agreement with Kingfisher Capital.
Kingfisher Capital would invest the funds over two tranches of A$5-million each, subscribing for shares priced at 40c each. On the completion of each tranche, Galena would also issue 2.5-million unlisted options, of which half will have a strike price of 50c each and the other half will have a strike price of 60c each.