Energy Transition Minerals (ASX:ETM) is set to raise around AU$9.4 million via the placing of 137.5 million shares at AU$0.068 apiece, according to a Tuesday Australian bourse filing.
The firm received binding commitments for the placement, which will be completed in a single tranche, under the firm's available placement capacity.
It will use the funds to progress its Kvanefjeld rare earths project in Greenland, including the re-establishment of permanent local representation and infrastructure and updating resource parameters for the project.
The participants in the placement will also receive one free-attaching option for every two shares subscribed under the placement, which will be exercisable at AU$0.12 each and expire 18 months from the date of issuance.
The firm's shares fell 8% in recent trade Tuesday.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。