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Otterburn raises C$7.5M to fund acquisition target K92's Papua New Guinea ops

Otterburn ResourcesCorp. said May 9 that it has raised about C$7.5 million through thesale of 21,393,605 subscription receipts at 35 Canadian cents each over an eight-trancheprivate placement.

The financing is in connection with the company's proposed of

The net proceeds will be advanced to K92 as loans for financingits operations in Papua New Guinea.