Todd River to raise up to $4.2M to accelerate drilling at Mt Hardy Zinc-Copper discovery

10 September 2018

Todd River to raise up to $4.2M to accelerate drilling at Mt Hardy Zinc-Copper discovery

Todd River Resources Limited has announced it has received firm commitments to raise A$1,000,000 (before costs) through a placement of 12.5 million fullypaid ordinary shares at an issue price of $0.08 per share to qualified institutional and sophisticated investors.

Funds raised from the Placement and Entitlement Offer will be used to fund ongoing exploration, in particular focusing on drilling and down-hole geophysics at the Mt Hardy Project, including the next phase of diamond and Reverse Circulation drilling targeting extensions to the recently discovered EM1 zone of high-grade base metal mineralisation.

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Publish Date: 
Monday, September 10, 2018 - 14:00
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