Currently viewing Global edition

Crusader raises survival cash

Crusader Resources (ASX:CAS) says it has A$1 million (US$720,000) in funding lined up to get it back on track a month after being suspended from AIM and the ASX.

Crusader raises survival cash Crusader raises survival cash Crusader raises survival cash Crusader raises survival cash Crusader raises survival cash

The sale of the Posse iron ore mine will finally bear fruit, with payments to start next month

The company said last month it would quickly run out of cash without a boost from shareholders, but has managed to keep afloat on the $231,000 it had in the bank as of September 31.