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Pilbara's placement oversubscribed

Clint van der Loon

PERTH – Lithium developer Pilbara Minerals has successfully raised A$80-million in a share placement to help fund the construction of its Pilgangoora lithium/tantalum project, in Western Australia. The company on Monday said that it had received firm commitments from institutional and sophisticated investors to raise A$53-million through the share placement, with the shares priced at 35c each.




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