Caravel Raises Funds For Copper-Molybdenum-Gold Project

News: ASX-listed Caravel Minerals has raised funds worth AUD980,940 (USD725,086) by issuing 122,991,429 shares under the first tranche of a placement to raise AUD1.45mn (USD1.07mn). The company is scheduled to issue the remaining 67,285,718 shares and 103,710,003 attaching options exercisable at AUD0.013 (USD0.009) on or before January 31 2017. The issue of the remaining shares is subject to shareholder approval. Caravel Minerals will use proceeds of the issue for additional working...

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