Nickel miner Panoramic Resources has completed the institutional component of its one-for-six non-renounceable entitlement offer, which is expected to raise some A$31-million.
The miner on Monday said that it had received commitments for some A$6.4-million, with around A$3.9-million raised in the institutional component, and a further A$2.5-million to be raised during the shortfall settlement, subject to shareholder approval.