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Myanmar in big raising for Bawdwin

Myanmar Metals has launched a A$30 million equity raising in order to advance its 51%-owned Bawdwin project to a decision to mine by the second quarter of next year.

Myanmar in big raising for Bawdwin Myanmar in big raising for Bawdwin Myanmar in big raising for Bawdwin Myanmar in big raising for Bawdwin Myanmar in big raising for Bawdwin

Drilling at Bawdwin in northern Myanmar

The raising, which will be conducted in two parts, has an issue price of A6.5c per share, a 7.1% discount to yesterday's close.

A single-tranche placement will raise up to $20.