Castle Minerals: Completes “oversubscribed” $2.5m cap raise

Castle Minerals Completes “oversubscribed” $2.5m cap raise

• Castle Minerals (CDT) completes a “heavily-oversubscribed” placement to raise $2.5 million
• The company received firm commitments from professional and sophisticated investors for 125 million new shares at two cents per share
• Castle also offered two attaching listed options for every three new shares subscribed for, with a strike price of 5.5 cents and expiring December 31, 2024
• The funds will go towards advancing Castle’s Kambale graphite project in Ghana and towards its other projects in Ghana and Western Australia
• Shares in CDT are up 9 per cent, trading at 2.4 cents at 2:12 pm AEDT