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Corazon Mining gets guarantee on raising with PAC Securities' offer to underwrite SPP

Corazon Mining Ltd (ASX:CZN) managing director Brett Smith updates Proactive Investors on the company's share purchase plan to raise $1 million for accelerated exploration at its Mt Gilmore project in NSW, where it has discovered a major new copper-cobalt-silver sulphide region.
The company recently reached an agreement with PAC Securities Pty Ltd for PAC to partially underwrite the SPP to $500,000.  
Smith says PAC wants to be involved in the placement of any shortall provided the company does not raise the proposed amount through shareholders.
He continues, "It's a good result for the company - they approached us so it must be a tick in the box for what we're doing as well."

Quick facts: Corazon Mining Ltd

Price: 0.0025 AUD

Market: ASX
Market Cap: $6.02 m

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Full interview: Corazon Mining drilling delivers high-grade nickel results...

Corazon Mining Limited (ASX:CZN) managing director Brett Smith updates Proactive on the high-grade nickel results from the completed drill program at the Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Canada. He has described these results as being outstanding and they set the scene for...

on 23/1/20

2 min read