Castle Minerals Raises $1.52m for Australian and Ghanaian projects
- Castle Minerals (CDT) says it has successfully raised $1.52 million via its oversubscribed share placement
- The company first announced plans to raise additional funds when it placed its shares in a trading halt earlier this week
- CDT said professional and sophisticated investors had subscribed for 126.8M new shares at 1.2 cents each
- Every third new share comes with an attaching option with a scratch price of 2.2 cents and an expiry date of December 31, 2023
- CDT plans to use the funds to bring its Kambale Graphite Project to a drill-ready stage along with its Polelle and Beasley Creek assets
