Lowell Resources Fund's (ASX:LRT) responsible entity, Cremorne Capital, raised AU$3.2 million through a securities purchase plan (SPP), following an AU$11.9 million placement completed in August at AU$2.01 per unit, according to a Thursday Australian bourse filing.

The placement and SPP raised a combined AU$15.1 million before costs through the issue of 7.5 million new units, increasing the total units on issue to 50.8 million, the filing added.