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Sun looks to raise funds

Junior explorer Sun Resources has announced its plans to raise $116,188 by issuing 11,618,810 opt...

Sun told the markets the money would be used to fund further exploration in the Carnarvon Basin, coal bed methane interests in the Sydney Basin, and other assets in PNG and the USA.

In addition, the funds would also be used to acquire and explore for additional prospects Sun considers having "special merit" as well as for additional working capital to meet the company's administrative costs.

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