Phosphate and gold developer Avenira will raise A$3.4-million through a share placement and two-for-seven non-renounceable entitlement offer to advance its Jundee South gold project and its Wonarah phosphate project, in Western Australia and the Northern Territory respectively.
An initial A$2.2-million will be raised by a share placement to be conducted in two tranches, and priced at 0.8c a share.