- Caprice Resources (CRS) raises $2 million from a strongly supported placement offered to institutional and sophisticated investors
- The company says proceeds will be used to advance exploration as well as to fund multiple aircore (AC) and reverse circulation (RC) projects across Western Australia
- Shares have been issued at a price of 16 cents per share with one free attaching unquoted option per two new shares
- Managing Director Andrew Muir says the company is delighted with the strong support received from investors and believes the raising will grow the company
- Shares have been trading flat at 18 cents
Caprice Resources (CRS) has raised $2 million from a strongly supported placement offered to institutional and sophisticated investors.
The company said proceeds will be used to advance exploration as well as to fund multiple aircore (AC) and reverse circulation (RC) projects across Western Australia.
The company also said that with a stronger balance sheet it will focus exploration on its Murchison gold projects and its Northampton base metals project.
Shares have been issued at a price of 16 cents per share, with one free attaching unquoted option per two new shares.
Managing Director Andrew Muir said the company is delighted with the strong support received from investors and believes the raising will grow the company.
“We are delighted with the strong support received from both new and existing investors. The capital raise will assist us to grow the company via a sustained period of drilling across a number of projects and prospects,” he said.
The new shares are expected to commence trading on Friday, 11 February 2022 and will
rank equally with the company’s existing shares on issue.
Shares were trading flat at 18 cents at 12.50 pm AEDT.