Junior mineral exploration company Midas Minerals has secured commitments from new and existing institutional shareholders to raise A$11.5m through a share placement. The funds will primarily be used to acquire the Otavi Copper Project in Namibia. The company will also use the proceeds to accelerate exploration at the Otavi and South Otavi Projects, and support working capital needs. The placement will issue up to 31.08 million shares at A$0.37 each. The placement's issue price is at an 8.6% discount t ...