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HomeFinTechCastle Minerals: Raises $1.52m for Australian and Ghanaian projects
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Castle Minerals: Raises $1.52m for Australian and Ghanaian projects

By: Steve Sam

Date:

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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
Steve Sam
Steve Sam

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