Celamin Secures commitments to raise $3.2m
- Celamin Holdings (CNL) secures binding commitments to raise $3.2 million at 7.5 cents per share
- The placement will comprise the issue of 42.6 million shares to be issued through two tranches
- Company directors and their associates have reportedly subscribed for shares worth a total of $1 million, subject to shareholder approval
- Placement proceeds will reportedly fund exploration, a major resource upgrade and technical studies to advance its Chaketma phosphate project
- Shares have been trading up 4.44 per cent at 9.4 cents
