ASX-listed Eagle Mountain Mining will raise up to A$6-million in a share placement to fund exploration work at Oracle Ridge copper project, in Arizona. The company has received firm commitments for the placement of 30.3-million shares, at a price of 16.5c each, to raise an initial A$5-million. Some 18.18-million of these shares will be placed under Eagle Mountain’s existing placement capacity, while a further 12.1-million shares will be issued to MD Charles Bass, subject to shareholder approval.In addition to the share placement, Eagle Mountain would also undertake a share purchase plan to raise a further ... (full story)