FinTechFunding

Chalice Mining: Raises $15M in oversubscribed SPP

  • Chalice Mining (CHN) has closed its oversubscribed share purchase plan (SPP) and raised $15 million
  • In early December, Chalice revealed it would undertaking a $110 million capital raise consisting of a $100 million placement and $10 million SPP
  • Then the company received $47 million in applications and, given this response, decided to increase the SPP to $15 million
  • Shares expected to issued on January 21 and begin trading on the ASX on January 22
  • Chalice will also use the funds to accelerate exploration and development activities at its Julimar nickel-copper-platinum group element (PGE) project in WA
  • Chalice has ended the day 2.53 per cent in the red with shares trading at $4.24
Previous article
Prominence Energy: Raises $800K for Bowsprit
Next article
Heritage Group: Closes Third Fund, At Over $300M
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.

You May Also Like

FinTech

UK Authorities Tighten Regulations on P2P Crypto Trading

New measures aim to enhance security for crypto traders in the peer-to-peer market.Highlights: UK authorities introduce new regulations...
FinTech

Citi Wealth Strengthens Services with New AI-Powered Team Member

Citi Wealth Management introduces advanced AI technology for enhanced client experience.Highlights: Citi Wealth Management has launched a new...
FinTech

Coinbase Lists First GBP Stablecoin, Expanding Market Options

The new stablecoin aims to enhance trading in the UK market.Highlights: Coinbase has launched the first GBP stablecoin.This...
FinTech

Former Royal Mint Executives Secure Backing for Precious Metals Trading Platform

New platform aims to modernize precious metals trading for investors.Highlights: Former Royal Mint executives launch a new trading...