Alcyone Resources has secured $7.4 million through a recent entitlements offer and shortfall placement, just scraping over the capital raising's minimum subscription level of $6 million.
Silver producer Alcyone Resources' shares have tanked after it announced a management shake-up following the resignation of the company's managing director Andrew King and two other board members.
Alcyone Resources has announced plans for a $5.4 million capital raising via a rights issue to fund development at its key Twin Hills silver project in Queensland.
