Caspin Resources finishes first tranche of $9.75 million capital raising
2021-07-22 12:05:47 [Print]
Australian Caspin Resources Ltd. has completed the first tranche of its $9.75 million capital raising initiative.
In the first tranche, Caspin has issued 9,206,514 fully paid ordinary shares at $1 per share to new and existing investors to raise more than $9.2 million.
The company proposes to raise the remaining amount of around $540,000 after seeking shareholder approval at a shareholder meeting likely to be convened shortly.
The company plans to spend the funds to accelerate nickel-copper-PGE exploration at its flagship Yarawindah Brook Project and further advance its Mount Squires Project.
In the first tranche, Caspin has issued 9,206,514 fully paid ordinary shares at $1 per share to new and existing investors to raise more than $9.2 million.
The company proposes to raise the remaining amount of around $540,000 after seeking shareholder approval at a shareholder meeting likely to be convened shortly.
The company plans to spend the funds to accelerate nickel-copper-PGE exploration at its flagship Yarawindah Brook Project and further advance its Mount Squires Project.
Nickel Ore Philippine 1.5%min CIF China
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