🕔6/29/2011 10:07:00 AM
Global Nickel Investments NL (ASX:GNI) are pleased to announce that the Company has successfully completed an interim capital raising of approximately A$600,000 by the issue of up to 24 million fully paid shares. This capital raising has been conducted in order to purchase equipment for the Company's up-and-coming drilling campaign at the Mt. Cornell copper project (90% owned Global Nickel and 10% Corazon Limited (ASX:CZN)), Jutson Rocks copper-gold-nickel project (75% Global Nickel and 25% Cazaly Resources Limited (ASX:CAZ)) and Mt. Venn nickel-copper and Volcanic Massive Sulphide ("VMS") target project (80% Global Nickel in joint venture with Platina Resources Limited (ASX:PGM) holding 20%).
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