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Navarre Minerals Ltd (ASX: NML) has announced a $40 million capital raise.

When an ASX-listed company announces a capital raising, it generally means it is selling more shares to raise money.

More often than not, the shares are sold at a discount to the company’s share price at the time to entice new and existing investors.

Shares of Navarre Minerals entered a trading halt prior to the announcement.

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