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European Cobalt raising A$20M to advance Dobsina project in Slovakia

European Cobalt Ltd. is raising A$20 million to fund exploration and development at its flagship Dobsina cobalt-nickel-copper project in Slovakia.

The company said Dec. 4 that it will issue 100.0 million new shares at 20 Australian cents per share by Dec. 8.

The institutional placement was heavily oversubscribed with Tamesis Partners LLP and BW Equities Ltd. acting as joint lead managers.