- 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
