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Breaker raises exploration funds

2nd October 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Gold explorer Breaker Resources will raise A$10.5-million through a share placement to fund drilling and exploration work in Western Australia.

Some 36.53-million shares will be issued under the company’s existing placement capacity, priced at 29c each. The offer price represented a 9.4% discount to Breaker’s last closing price of 32c, and a 16.5% discount to its ten-day volume weighted average share price.

The placement will be made to a combination of Australian and international institutions and professional and sophisticated investors.

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