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    Navarre Minerals (ASX:NML) secures $5M cornerstone investment

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    Navarre Minerals (ASX:NML) has secured a $5M cornerstone investment from New York-based Lind Partners to accelerate its exploration program at Mt Carlton.

    Navarre Minerals says the investment will be spread out over a maximum 24-month period at a price not less than 6.8 cents per share.

    It also says the funds will be used to develop the higher-grade Mt Carlton United open pit operations and execute the Large Orebody Discovery Exploration (LODE) initiative.

    Navarre Minerals also plans to issue 73,529,412 options to Lind, pending shareholder approval.

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