PEX 6.90% 31.0¢ peel mining limited

News: PEX Peel Mining Intends To Acquire CBH Resources Ltd's 50% Share Of Mallee Bull JV

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    July 27 (Reuters) - Peel Mining Ltd (PEX) :

    • INTENDS TO ACQUIRE CBH RESOURCES LTD'S 50% SHARE OF MALLEE BULL JOINT VENTURE
    • UNDERTAKING A CAPITAL RAISING OF $17.1 MILLION
    • FULLY UNDERWRITTEN 1:8 PRO-RATA NON-RENOUNCEABLE ENTITLEMENT OFFER AT $0.175 PER SHARE TO RAISE UP TO $6.6 MILLION
    • PLACEMENT TO RAISE $10.5 MILLION
 
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