FinTechFunding

Nex Metals Exploration: Launches SPP

  • 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
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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