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Peak Resources To Raise A$3.2 M for Tanzania Rare Earth Project
Nov. 21, 2011 01:33PM PST
Critical MetalsIBTimes reported that Peak Resources (ASX:PEK) is seeking funding for a Tanzania-based 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.
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