Solstice Minerals (ASX:SLS) received firm commitments to raise AU$32.6 million through the placement of about 32.6 million new shares at AU$1 apiece, according to a Thursday filing with the Australian bourse.
Proceeds will be used to fund a comprehensive program at the Nanadie project in Western Australia, the filing said.
Shares fell almost 9% in morning trade Thursday.
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