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Metallica Minerals' rights issue raises A$1.1M, half the planned amount

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Metallica Minerals' rights issue raises A$1.1M, half the planned amount

MetallicaMinerals Ltd. on March 31 announced the closing of its rights issueflagged in February,raising just over half of the planned A$2 million. In all, it raised A$1.1million from shareholders and new investors.

The group said in February the funds were earmarked for thegrant of a mining lease and as working capital for its bauxite project in Queensland,Australia.