NewPeak Metals (ASX:NPM) Announces Binding Commitments for Placement Worth $900,000

October 29, 2020 03:34 PM AEDT
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NewPeak Metals Ltd (ASX:NPM) has secured binding commitments worth $900,000 before costs under a private placement of 300 million fully paid ordinary shares at an issue price of $0.003 a share to sophisticated and institutional investors.

The placement was led by one of the newest and leading deal sharing platforms in Australia, 180 Markets. The funding will allow further exploration and development of the company’s gold projects in Finland, Argentina and New Zealand.

NPM traded at $0.004 a share midday on 29 October 2020 with a market capitalisation of $17.46 million.

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