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Alicanto Minerals welcomes significant new institutions in $7 million raise

Alicanto Minerals welcomes significant new institutions in $7 million raise

Alicanto Minerals Ltd (ASX:AQI)'s Peter George says they've raised A$7 million via a placement and is now fully funded to continue its aggressive drilling programs in Sweden’s highly-regarded mining region of Bergslagen. He says there was strong demand for the raise, which comes ahead of a maiden JORC-compliant inferred resource in the coming quarter at Sala, supported by large long only North American and Australian institutions.