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MOD exploring its Kalahari options

Botswana-focused MOD Resources (AU:MOD) has raised A$18.3 million (US$14.2 million) as it looks to further explore its vast landholding in the Kalahari Copper Belt.

MOD exploring its Kalahari options MOD exploring its Kalahari options MOD exploring its Kalahari options MOD exploring its Kalahari options MOD exploring its Kalahari options

MOD Resources wants to use this cash for further exploration

The company has received firm commitments to raise A$12 million in an oversubscribed placement to institutional investors.

Blue Ocean Equities and Ashanti Capital were joint lead manager...