News and Announcements
Cobar Consolidated Resources Limited : 17 Sep 2012 Project Finance Initiatives
- Published October 02, 2012 12:54PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Cobar Consolidated Resources Limited (ASX:CCU) announced today a number of initiatives to bolster its working capital position and bring forward a number of development options.
The development options include installation of a crushing circuit and an expansion feasibility study. The Company also proposes to accelerate its exploration program. These three initiatives are expected to cost $10M. The balance of funds raised through the placement ($2.5M) and expected to be raised through the share purchase plan ($2.5M) will add incremental headroom to the Company’s working capital position.
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