- Nex Metals Exploration (NME) has launched its share purchase plan (SPP) with aims to raise $4.265 million
- Eligible shareholders will be able to apply for up to $30,000 worth of new shares without incurring brokerage or transaction costs
- Nex Metals will use the money for the Kookynie Gold Project and the Cosmopolitan gold mine
- Both Kookynie and Cosmopolitan are farm-in projects held with fellow ASX-lister Metalicity (MCT)
- Then the share purchase plan will close on October 27 and shares will issued and begin trading on the ASX on November 2
- Nex Metals has dropped 15.3 per cent and shares are currently trading for 6.1 cents each
