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Flinders seeks cash to repay debt

Iron ore hopeful Flinders Mines has launched a capital raising to raise around A$9.4 million

Staff reporter
Drilling at the Pilbara iron ore project

Drilling at the Pilbara iron ore project

The raising will be conducted via a one-for-25 non-renounceable rights issue. The issue price is 7c, representing a 23.7% discount to Flinders' 30-day volume-weighted average price and a 16.7% discount...

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