Platina Resources’ $ 904,000 Placement to Enhance Liquidity for Ongoing Development Activities

  • Jun 16, 2020 AEST
  • Team Kalkine

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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