Brightstar Resources: Completes $2.3m placement
- Brightstar Resources (BTR) completes its placement and successfully raises $2.3 million
- Roughly 87 million fully-paid ordinary shares were issued to professional and sophisticated investors at 2.7 cents
- Brightstar previously stated it would use the money to continue exploration activities at the Cork Tree Well deposit in WA
- Drilling is progressing ahead of schedule and ahead of budget with assays expected in mid to late October
- Brightstar is up a healthy 18.8 per cent on the market with shares trading at 3.7 cents
