- Carnaby Resources (CNB) has completed the bookbuild for a $3 million placement and has announced a $1 million share purchase plan (SPP)
- Then the placement received strong support and heavily oversubscribed
- 10 million fully paid ordinary shares will now issued to new and existing institutional and sophisticated investors at 30 cents each
- The share purchase plan will open on September 17 and shares will also priced at 30 cents
- Carnaby will primarily use the money to accelerate exploration at the Strelley and Tick Hill projects in Australia
- Company shares are down a slight 1.37 per cent and are trading for 36 cents each
