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Aeon Metals to raise A$5.5M for bankable feasibility study at Walford Creek

Aeon Metals Ltd. is raising gross proceeds of A$5.5 million for further drilling at its Walford Creek copper project in Queensland, Australia, this year and advancing the bankable feasibility study on the Vardy resource.

The company will place about 39.2 million shares at 14 Australian cents per share to sophisticated and institutional investors, it said Aug. 11.