Sunstone raises $8M in share placement
Filed with ASX · · 30 pages · English
Sunstone Metals Limited (ASX:STM) is pleased to advise that it has received firm commitments for $8,000,000 (before costs of $480,000) via a share placement at 1.9 cents ($0.019) per share (Placement) to existing institutional and sophisticated shareholders and new investors. Directors are also participating in the Placement, subject to shareholder approval, for a total of $80,000. The proceeds of
Story so far
Earlier from Sunstone Metals
- Trading Halt
- Bramaderos resource jumps 33% to 3.6Moz AuEq
- Sunstone targeting an updated Mineral Resource
- Assays highlight scope for Bramaderos resource growth
- Reinstatement to Quotation
Later from Sunstone Metals
- Quarterly Activities/Appendix 5B Cash Flow Report
- Share Consolidation
- Discovery of high grade surface mineralisation at Porotillo
- Drilling underway to grow the 3.6Moz Bramaderos resource
- Large Porotillo surface intersection grows mineralisation
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