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Straits awash with growth funding

DIVERSIFIED miner Straits Resources expects to add about $A50 million to its books through a $45 million placement and a $5 million share purchase plan (SPP) in order to fund its growth and acquisition strategy for the next 12 months.

Michael Vaughan
Straits awash with growth funding

Straits chief executive Milan Jerkovic told MiningNews.net the money would be used for project expansion and development along with trying to maintain the company’s working capital base of $A20-30 million...

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