FinTechFunding

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

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
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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