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Red River raises A$8.9M to fund Far West exploration, resource definition program

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Red River raises A$8.9M to fund Far West exploration, resource definition program

said July 20that it has received commitments to raise A$8.9 million through the placementof 74.6 million shares at 12 cents each.

Institutional investors took upthe majority of shares in the placement.

The proceeds will be used tocontinue the company's infill drilling program at the  Far West project, part of the widerThalanga zincproperty in Queensland, with the program looking to convert the inferredresources to indicated resources at the Far West Upper zone.

Red River will also begin longlead-time work on the restart of the Thalanga mill.