West Perth-based gold and uranium explorer Metex Resources Ltd will issue shares on a one for five basis to existing shareholders, aiming to raise $5.4 million to fund additional exploration and development of its joint venture with the CSIRO.

West Perth-based gold and uranium explorer Metex Resources Ltd will issue shares on a one for five basis to existing shareholders, aiming to raise $5.4 million to fund additional exploration and development of its joint venture with the CSIRO.