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Alicanto Minerals: Raises $6M for Swedish project

November 21, 2020

Alicanto Minerals (AQI) has received firm commitments to raise $6 million via a share placement
More than 46.15 million fully-paid ordinary shares will be issued to professional and sophisticated investors at 13 cents per share
This price represents a 10.3 percent discount to Alicanto’s 14.5 cent-closing prices on November 17
Alicanto will use the money to fund a 20,000-metre follow-up drilling program at its Greater Falun copper-gold project in Sweden
Work is scheduled to begin early next year following the completion of the current program
After coming out of a trading halt, shares in Alicanto are down 3.45 percent, trading for 14 cents