Peak Resources To Raise A$3.2 M for Tanzania Rare Earth Project

IBTimes reported that Peak Resources (ASX:PEK) is seeking funding for a Tanzania-based rare earth project.

As quoted in the market news:

Peak Resources will place 11.3 million shares at $0.28 per share to buy Zari Exploration Ltd. through a combination of cash and shares of US$6 million cash and the issuing of 24.2 million Peak shares.

Click here to read the full IBTimes report.