Minerals 260 (ASX:MI6) raised AU$220 million via the issue of 1.83 billion new shares priced at AU$0.12 apiece and it will use the funds to acquire and advance the Bullabulling gold project in Western Australia, according to a Thursday Australia bourse filing.
The fundraising followed an international and domestic investor roadshow and the new shares are expected to be issued on Thursday.
Potter Securities Limited and Argonaut Securities were the joint lead managers for the capital raise.
The mining firm said that it is on track to resume trading on the Australian Securities Exchange by April 10.
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