Resources minnow Nico Resources was in front of fund managers on Friday, seeking fresh funds for its Wingellina nickel-cobalt oxide project in Western Australia.
Stockbroker Alpine Capital was sole lead manager of the $3 million institutional placement, offering shares at 30¢ apiece, a 9.1 per cent discount to the last traded price and 7.5 per cent premium to the five-day volume-weighted average price.
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