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New Century announces A$34.7M capital raising to reduce debt

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(Kitco News) - New Century Resources announced Wednesday it is undertaking a A$34.7 million capital raising.

Funds will be used to retire debt, as well as general working capital.

New Century Resources (ASX:NCZ) is an Australian base metal producer operating the Century Mine in Queensland, which it bought in 2016 and rehabilitated.

 

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