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Ora Banda Mining's David Quinlivan updates on $55mln fundraise and production plans

 

Ora Banda Mining Ltd's (ASX:OBM) (FRA:M6N) David Quinlivan tells Proactive's Andrew Scott they've received firm commitments for $55mln - phase one is complete and they've received the cash. He adds that the second phase is subject to shareholder approval with an EGM scheduled for early September. Quinlivan says the fundraise will see them fully funded and back into production in Q1 next year.

Quick facts: Ora Banda Mining Ltd

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Price: 0.11 AUD

Market Cap: $107.11 m

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Ora Banda Mining raises $21 million to advance exploration and reserves work...

Ora Banda Mining Ltd's (ASX:OBM) incoming MD Peter Nicholson speaks to Proactive's Andrew Scott soon after announcing they've received firm commitments from new and existing professional and sophisticated investors to raise $21 million. They're also launching a share purchase plan (SPP) to...

on 8/6/21

2 min read