Black Canyon Limited (AU:BCA) has released an update.
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Black Canyon Limited has successfully raised $0.85 million through a placement to fund exploration and feasibility studies for its manganese portfolio, including Wandanya’s high-grade target. The placement, supported by institutional and sophisticated investors, will also fuel the High Purity Manganese Sulphate strategy and a Share Purchase Plan is announced for eligible shareholders to further invest up to $0.5 million. Directors are also participating, committing $100,000 to the placement, pending shareholder approval.
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