Stellar Resources raises USD 2 million

Industrial Metals

Steel Guru.com reports that Stellar Resources is raising financing for its’ Heemskirk Tin Project through a share placement

Steel Guru.com reports that Stellar Resources is raising financing for its’ Heemskirk Tin Project  through a share placement.

The story is quoted as saying:

Stellar Resources Limited announced that it has entered into an agreement to place 14,000,000 shares at USD 0.15 per share to raise USD 2.1 million before costs. The Placement has been made to a number of sophisticated investors, pursuant to Section 708A of the Corporations Act 2001

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