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Comet Resources: Raises $1M in share purchase plan

October 6, 2020

Junior explorer Comet Resources (CRL) has raised $1 million via a heavily oversubscribed share purchase plan
Originally, Comet intended to raise half a million dollars, however with strong demand from shareholders, the company accepted an additional $500,000
The SPP came in the wake of a $2 million placement last month
Funds will be used for the company’s Santa Teresa Gold Project and its Barraba Copper Project
The Santa Teresa project includes two mineral claims, totalling 202 hectares in the El Alamo district of Mexico
Shares in Comet Resource closed 4.54 per cent higher for 2.3 cents