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Metallica Minerals increases cash raised under rights issue to A$1.8M

MetallicaMinerals Ltd. has added a further A$657,062 to its coffers, takingthe total raised under its recentrenounceable rights issue to around A$1.8 million.

The ASX-listed explorer said April 27 that it had placed afurther 21,902,073 shortfall shares to raise the extra cash.

Metallica is now fully funded to progress its bauxite projectin Queensland, Australia, through to production in 2017.