Asra Minerals: Raises $2.5m to advance Mt Stirling, WA

Asra Minerals Raises $2.5m to advance Mt Stirling, WA

• Asra Minerals (ASR) raises $2.5 million to advance its Mt Stirling project in Western Australia
• The company issued 2.5 million convertible notes to sophisticated and professional investors, who’ll also receive 12 free-attaching listed options for each dollar invested
• The options can be exercised at 3.5 cents until November 30, 2023
• AsraMinerals is using the funds for drilling and other exploration activities at Mt Stirling, with work scheduled to begin in the first quarter of 2023
• Company shares are up 17.65 per cent to trade at 2 cents at 3:49 pm AEDT