Junior Todd River Resources will raise A$2.9-million through a share placement and a one-for-three underwritten non-renounceable pro-rata entitlement offer to advance exploration at its Mt Hardy zinc/copper project, in the Northern Territory.
The company will raise an initial A$1-million through a share placement to sophisticated and institutional investors, with approximately 32.3-million shares being placed at a price of 3.1c each.