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Gindalbie finds magnetite cash

GINDALBIE Metals has raised over $8 million with underwriters contributing almost $7 million. The funds have been earmarked for a resource drilling campaign at its Mt Karara magnetite project in Western Australia.

Rebecca Keenan
Gindalbie finds magnetite cash

The entitlement issue priced at 9c raised $1.258 million from shareholders with its underwriters, major shareholder Melewar Steel Ventures of Malaysia and brokerage Patersons Securities, subscribing for...

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