Raiden Resources: Raises $1.83m for Mt Sholl

Raiden Resources Raises $1.83m for Mt Sholl

• Raiden Resources (RDN) receives firm commitments to raise about $1.83 million to fund exploration at its Mt Sholl nickel project in WA
• The company will issue 215 million new shares at a price of 0.7 cents each
• For every 2.5 shares subscribed for, one attaching option will be received, exercisable at 1.5 cents and expiring in November 2024
• The funds raised will support a 5000-metre drilling program at Mt Sholl and working capital
• Shares are trading 12.5 per cent higher today at 0.9 cents each at 2:05 pm AEST