ASX-listed DevEx Resources has raised A$5.5-million to fast track exploration work in Western Australia and New South Wales.
The company will place an initial 47.5-million shares, at a price of 10c each, to raise an initial A$4.7-million, under its existing placement capacity. A second tranche of some 8.1-million shares, to raise the balance of the funding, will be subject to shareholder approval.