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Orocobre Raises Funds For Its Olaroz Lithium Project
Nov. 05, 2012 11:16AM PST
Battery Metals InvestingMining Weekly reported Orocobre (ASX:ORE,TSX:ORL) finished a A$21 million share placement to fund the remaining construction at its Olaroz lithium project.
Mining Weekly reported Orocobre (ASX:ORE,TSX:ORL) finished a A$21 million share placement to fund the remaining construction at its Olaroz lithium project.
As quoted in the market news:
The miner said on Monday that it had placed some 12.35-million shares to institutional investors, at a price of A$1.70 a share to raise the funds.
Meanwhile, the company also announced that it would be launching a share purchase plan, at the same issue price, to raise an additional A$5-million.
