Agrimin raises A$10m for Mackay
ASX-listed Agrimin has raised A$10-million through a share placement to institutional and sophisticated investors to fund the definitive feasibility study for its Mackay sulphate of potash (SOP) project, in Western Australia.
The company on Thursday said that it placed 12.5-million shares at a price of 80c each. The shares were placed under its existing capacity, and did not require shareholder approval.