Lodestar Minerals Raises $2.78m for exploration
- West Australian gold explorer Lodestar Minerals (LSR) raises $2.78 million via an oversubscribed placement
- A total of 347.5 million fully-paid ordinary shares were primarily placed to professional and sophisticated investor clients of Canaccord Genuity and Euroz Hartley at 0.8 cents
- Lodestar will use the money to advance exploration, drilling and development programs across its gold and battery and base metal projects
- Primary focus will be on the Earaheedy-Imbin Project with the focus to then shift to the Nepean and Coolgardie West projects
- Lodestar ends the day 11.1 per cent in the green with shares trading at one cent
