Altona undertakes fundraise to repay debt

London-listed Altona Rare Earths has raised a further £600 000 through the transfer and subsequent exercise of 40-million warrants, with the net proceeds to be used to repay outstanding debt of £600 000 to Tracarta. This fundraise follows the successful £851 950 raise completed in August, the net proceeds of which are principally being used to advance the fluorspar scoping study at the Monte Muambe project, in Mozambique.