Ora Banda Mining Ltd (ASX:OBM)'s Peter Nicholson says they've launched an equity raising campaign for up to A$20 million comprising an institutional placement of up to A$5 million and a 4 for 13 accelerated non-renounceable entitlement offer to raise approximately A$15 million. Proceeds together with the company’s existing cash balance will be used for exploration costs, drilling, operational improvements and working capital.
Ora Banda Mining talks $20 million capital raise and exploration plans
