Culpeo Minerals: Launches $275k at-the-market raise
Culpeo Minerals Launches $275k at-the-market raise
- Culpeo Minerals (CPO) is raising $275,000 through its at-the-market subscription agreement with Acuity Capital
- This agreement was signed in July and provides Culpeo with up to $3 million of standby equity capital over 25 months
- Culpeo is issuing 1.65 million shares to Acuity Capital at 16.67 cents to raise the funds, marking a 20 per cent premium to its closing price on September 16
- The company says it will use the funds for exploration in Chile and working capital
- CPO shares have ended the day 3.57 per cent in the green at 14.5 cents
