Venture Minerals: Raises $6m from oversubscribed share purchase plan

Venture Minerals Raises $6m from oversubscribed share purchase plan

• Venture Minerals (VMS) raises $6 million in an oversubscribed share purchase plan for its flagship Mount Lindsay Tin-Tungsten Project in Tasmania
• The company originally sought to raise $1.25 million but received applications amounting for $8.7 million
• Due to the high demand, applications will be scaled back
• Over 166 million new shares will be issued, which will begin trading on the 7th of January
• Shares are trading 2.33 per cent higher today at 4.4 cents each