EXPLORATION & DEVELOPMENT

Cobra issues options to fund West Musgrave exploration

PERTH-based Cobra Resources is moving to top up its exploration coffers ahead of an exploration program in the West Musgrave region of Western Australia with an option issue to all shareholders.

Greg Tubby

The issue, which is being made to all shareholders on a one-for-four basis, will raise up to $290,000. It is expected to be the precursor to a third major capital raising to back Cobra's impending exploration...

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