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Manuka Resources: Raises $5m for its Mt Boppy and Wonawinta projects | Fintech InShorts: Latest fintech news, analysis by experts

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Manuka Resources: Raises $5m for its Mt Boppy and Wonawinta projects

By Steve Sam

February 28, 2022

Manuka Resources Raises $5m for its Mt Boppy and Wonawinta projects

Manuka Resources (MKR) receives firm commitments to raise $5 million through a placement for its Mt Boppy and Wonawinta projects
The company will issue about 16.7 million new shares at an issue price of 30 cents each
This represents an 11 per cent discount to the last closing price and an 8.2 per cent discount to the 10-day volume weighted average price
The funds will be used for a smooth transition from Mt Boppy gold production to Wonawinta silver production, ongoing exploration drilling and general working capital
Shares are trading 2.94 per cent lower today at 33 cents each

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