David Price, chief executive of Papua Mining PLC (LON:PML) tells Proactive's Andrew Scott he's delighted with the response from investors to their recent £1.5mln raise.

''We had good participation from our existing shareholders and also the board - the board participated which is important for investors''.

Price, who took over as CEO just last week, goes on to the say the cash puts them in a very comfortable position now to use it on the ground as part of their exploration programmes.