BCI completes institutional raise

ASX-listed BCI Minerals has completed the institutional component of its entitlement offer, raising an initial A$20.8-million.

BCI earlier this week announced plans to raise A$48-million through a fully underwritten one-for-two accelerated and non renounceable entitlement offer, to allow for the start of early construction at its Mardie salt and potash project, in Western Australia.