PMET Resources (ASX:PMT) completed a private placement and offering to raise about CA$138 million, according to a Friday filing with the Australian bourse.
Funds raised will be used to advance exploration and drilling at the company's Shaakichiuwaanaan project in Canada, the filing said.
Additionally, major shareholder Volkswagen Finance Luxemburg intends to raise about CA$14 million via a separate private placement of shares at CA$5.66 per share, the company said.
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