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Malachite Resources: Completes SPP and raises $611K

September 5, 2020

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