- Malachite Resources (MAR) has completed its share purchase plan (SPP) and successfully raised $611,000
- The company will now allocate more than 20 million fully paid ordinary shares to participants on September 7
- Shares priced at three cents each and shareholders were able to purchase up to $30,000 worth of shares without incurring any brokerage or transaction costs
- Malachite will use the money from both the placement and share purchase plan to advance its nickel project interests in the Solomon Islands
- Malachite also sought to raise an additional $100,000, with shares to issued to consultants engaged by the company
- Shares in Malachite are up a slight 2.13 per cent and are trading for 4.8 cents each at 1:36 pm AEST
