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Sovereign raises A$40m for Malawi project development
Aim- and ASX-listed Sovereign Metals has received firm commitments for a placement of 47.06-million new fully paid ordinary shares to raise gross proceeds of A$40-million before costs, for development activities at its Kasiya rutile graphite project, in Malawi. The funds will be used for permitting, studies, general working capital and other corporate purposes.
Aim- and ASX-listed Sovereign Metals has received firm commitments for a placement of 47.06-million new fully paid ordinary shares to raise gross proceeds of A$40-million before costs, for development activities at its Kasiya rutile graphite project, in Malawi. The funds will be used for permitting, studies, general working capital and other corporate purposes.
