Rimfire Pacific completes $2.6 million capital raising to advance exploration for large-scale gold and copper targets

The company has raised $500,000 in a share purchase plan that follows a recent $2.1 million placement. Funds will be used for exploration activities outside the GPR earn-in area in the Lachlan Fold Belt Rimfire Pacific Mining NL ( ASX:RIM ) has completed a $2.6 million capital raising drive after closing a share purchase plan for proceeds of $500,000 with funds to aggressively pursue gold-copper targets in the prolific Lachlan Fold Belt of central NSW.

The SPP provided eligible shareholders with the opportunity to subscribe for up to $30,000 of new fully paid ordinary shares in the company, at an issue price of 1.25 cents per new share, subject to any scale back.

Rimfire received applications totalling $162,500 from eligible shareholders and the SPP was fully underwritten by Trans Global Capital Ltd, who will subscribe for the remaining $337,500. Proceeds to assist copper-gold strategy

Managing director Craig Riley said: “We are […]

Click here to view original web page at www.proactiveinvestors.com.au

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.