Resolution Minerals: Launches $1.86m placement

Resolution Minerals Launches $1.86m placement

• Resolution Minerals (RML) is looking to raise up to roughly $2.7 million to advance its projects
• The company received firm commitments from investors to raise $1.86 million through a placement which will issue 155 million shares at 1.2 cents
• Resolution will allow eligible shareholders to acquire options at 0.2 cents to raise a further $820,000 through an entitlement offer
• Specifically, the funds will support drilling and milestone payments for the 64North project in Alaska, as well as exploration at the Carrara Range project in the NT
• RML shares are down 7.14 per cent to trade at 1.3 cents at 2:24 pm AEST