Estrella Resources: Raises $1.4M for Carr Boyd Nickel Project
- Estrella Resources (ESR) has received firm commitments to raise $1.05 million via a share placement
- A total of 150 million ordinary shares will issued to sophisticated investors at a price of 0.7 cents each
- The shares will issued in two phases with phase one issuing 75 million shares
- The remaining 75 million shares will be issued in phase two, but this is subject to shareholder approval
- Further, participants will receive one free attaching option for every one placement share subscribed for
- In addition, Estrella is planning to undertake an additional placement to raise $350,000
