Flinders Mines Limited (AU:RHK) has released an update.
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Red Hawk Mining Limited has successfully raised $11.12 million before costs through its recent Retail Entitlement Offer, achieving 88.7% of the targeted New Shares offering. The funds will support the advancement of their Blacksmith Iron Ore Project in Western Australia, with plans for feasibility studies and general working capital. New Shares from the offer are set to be issued soon and will be on par with existing shares.
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