Junior Galena Mining has raised A$12-million through a share placement to fund exploration work at the Abra base metals project, in Western Australia.
Galena has received binding commitments for the placement of 57.15-million new shares, at an issue price of 21c each, with the company’s largest shareholder, Timothy Roberts, subscribing for 11.15-million new shares to maintain his pro-rata shareholding at approximately 20%.