Mineral explorer, Platina Resources Limited (ASX: PGM), advancing its portfolio of precious, speciality and base metal projects through different stages of development, has announced to have received commitments for a non-brokered private placement to existing and new shareholders to raise ~ $ 904,000 (before costs) at $ 0.021 per share. This would largely boost the Company’s working capital position.
Funds raised are planned to be directed towards:
- Advancing new Challa Gold Project and Munni Munni Platinum Group Metals Project in Western Australia
- General working capital
PGM stock was trading at $ 0.024, at AEST 12:27 PM on 16 June 2020, with a market cap of $ 7.83 million.
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