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$50m in the can for Burgundy financing

ASX-listed Burgundy Diamond Mines has received binding commitments to raise A$49.7 million (US$36.6 million).

$50m in the can for Burgundy financing $50m in the can for Burgundy financing $50m in the can for Burgundy financing $50m in the can for Burgundy financing $50m in the can for Burgundy financing

The Ellendale redevelopment will be the chief beneficiary of the A$50 million Burgundy capital raising

The company will raise $34.5 million via the issue of 34.5 million unsecured convertible notes to sophisticated and high net worth investors.