Pacifico fully funded to FID

ASX-listed Pacifico Minerals will raise A$12-million through a share placement and share purchase plan (SPP), allowing the company to complete a definitive feasibility study (DFS) and take a final investment decision at its Sorby Hills lead/silver/zinc project, in Western Australia.

Pacifico on Friday announced that it would raise some A$10-million through a two-tranche share placement to institutional and strategic investors, placing more than 555.5-million shares, at a price of 1.8c each, under its existing placement capacity.