South Boulder shakes tin for potash studies

Potash developer South Boulder Mines was hoping to raise some A$6-million through a share placement and rights issue to fund the completion of its definitive feasibility study for the Colluli potash project, in Eritrea. South Boulder on Tuesday announced that it would place about 10.97-million shares, at a price of 25c each, to raise an initial A$2.74-million. The placement was made to Hong Kong and London-based investors.