Falcon Minerals
Falcon Minerals (ASX: FCN) is an explorer working on gold, copper, nickel and platinum group elements projects. The company's Windaning Hill project is located 31 kms from the Minjar Gold Project within the Yalgoo-Singleton greenstone belt of Western Australia which contains Golden Grove Zn-Cu-Ag-Au deposits and the 1.6 million ounce Mt Gibson gold project.
Falcon Minerals’ project generation strategy employs mineral system exploration models together with analytical and geophysical techniques to identify those areas with probability of exploration success.
Falcon Minerals completes capital raising for Nickel-Copper-PGE Collurabbie Project, WA
Monday, March 15, 2010
Falcon Minerals (ASX: FCN) has announced the completion of a successful capital raising through Bell Potter Securities Ltd to provide funds to fast track exploration activities on its 100% owned Nickel-Copper-PGE Collurabbie Project in Western Australia.
The fund raising has been offered to institutional and sophisticated investors via a placement of approximately 21 million shares at $0.19 per share to raise $4 million under listing Rule 7.1.
The raising which is the maximum under the company's 15% capacity will be applied towards drilling campaigns at the Collurabbie Project, the first of which is scheduled to commence late April 2010.
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