Royal Nickel likely to raise funds in Q4 – CEO

Mining Weekly.com reports that Royal Nicke (TSX:RNX)  will likely be seeking to raise $120 m in 2011.

The editorial is quoted as saying:

“In the fourth quarter we’ll be out in the market looking for that minimum of C$60-million for the feasibility study, and potentially going up to the $120-million range,” Mitchelson told Mining Weekly Online. The company had previously said in its prospectus that it aimed to place orders for long lead items in mid-2012

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