The West

Mindax drilling at the Mr Forrest magnetite project.
Mindax drilling at the Mr Forrest magnetite project.

UPDATE 2.40pm: Mindax says it will raise $1.2 million in a placement to further develop the company's projects and for working capital.

The company will place 15 million new shares at eight cents a share with a free attaching option exercisable at 12 cents a share to sophisticated and professional investors.

The placement will be completed in two tranches.

Mindax shares were steady at seven cents at the close.

The West Australian

Latest News From The West

Popular videos