Native Mineral Resources: Raises additional $1.8m

Native Mineral Resources Raises additional $1.8m

• Native Mineral Resources (NMR) receives commitments to raise just under $1.8 million of its right issue shortfall with new investors
• Around 8.1 million shares have reportedly been issued at 21.8 cents per share following the previous rights issue of 2.9 million shares which raised $632,628
• Two directors of the company have elected to take up the remaining shortfall subject to shareholder approval
• The rights issue and shortfall placements have raised a total of $3 million which the company says will go towards projects planned for next quarter
• Shares have been trading 3.57 per cent in the red at 27 cents