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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: 0.003 AUD

Market: ASX
Market Cap: $7.23 m

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Corazon Mining's Brett Smith details new technical report for Fraser Lake...

Corazon Mining Ltd's (ASX:CZN) Brett Smith speaks to Proactive's Andrew Scott following the release of its technical presentation on the Fraser Lake Complex which is five kilometres south of the Lynn Lake Mining Centre. ''We've reprocessed some of the geophysics and that's really unlocked a...

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