Arafura cancels $74m rare earths fundraising issue

By Mark Watts
Published: Friday, 25 November 2011

Australian group blames market volatility for falling share price; seeks alternative funding

Arafura Resources Ltd has cancelled a A$74m ($72m) rights issue intended to fund its rare earth projects in Australia, the rare earths junior said.

The company’s share price closed at A$0.47 on...

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