DevEx Resources: Raises $5.5M for exploration in NSW and WA

DevEx Resources: Raises $5.5M for exploration in NSW and WA

• DevEx Resources (DEV) has successfully raised $5.5 million to fast-track exploration at its New South Wales and Western Australian projects
• Then the company issued new shares for 10 cents each and enjoyed a strong response from investors
• The capital raise has increased the company’s cash balance to $7.7 million
• Managing Director Brendan Bradley pleased with the strong response from investors
• The funds will go towards exploration at DevEx’s Basin Creek and Junee Projects in NSW, as well as its newly purchased Sovereign Project in WA
• On market close, DevEx remains steady and is trading for 11.5 cents per share