Corizon raises A$3m

ASX-listed junior Corizon Resources will raise some A$3-million through a share placement to fund exploration work on its iron-ore and gold targets, in Western Australia.

The company on Friday announced that it would raise A$2.97-million through an oversubscribed share placement to institutional and professional investors, with 297.5-million shares to be issued at a price of 1c each.