IM Rare Earths News in Brief: 10-16 June
Published: Monday, 16 June 2014
Alkane Resources raise $9.8m for its DZP project; Arafura Resources to build rare earths separation plant in the US; Spectrum Rare Earths sells Arnhem Minerals to Uranium Equities
Australian junior Alkane Resources
Ltd has raised Australian dollar (A)$10.4m
($9.8m*) via a placement to institutional and sophisticated
investors, including various funds managed by Fidelity
Worldwide Investment, a shareholder of the company.
The placement consists of 40m shares at A$0.26/share, a 4%
discount to the last sale...