FINANCING

Black Ridge seeks cash for debt reduction

MINERALS explorer turned investor in a US-developed seismoelectric survey technology, Black Range Mining, is seeking to complete an entitlement issue to raise $1.7 million to clear some of its debts and further develop the hydrocarbon-sensing tech in Australia.

Black Ridge seeks cash for debt reduction

The non-renounceable issue is underwritten to $1 million by non-executive director Vladimir Nikolaenko's Plato Mining and, if the full underwriting amount is used, he will increase his control of the company...

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