Corazon Mining Ltd

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: $0.00

Market: ASX
Market Cap: $5.71 m

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Full interview: Corazon Mining appoints nickel identity as chairman with...

Corazon Mining Limited (ASX:CZN) managing director Brett Smith updates Proactive on the appointment of leading nickel sector identity Terry Streeter as company chairman. Streeter will help drive an accelerated exploration and development program at the Lynn Lake nickel-copper-cobalt sulphide...

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