Hot Chili Limited (AU:HCH) has released an update.
Hot Chili Limited has announced the successful over-subscription of its Share Purchase Plan (SPP), raising A$7 million, exceeding the initial target of A$5 million. The additional funds are earmarked for the development of the Costa Fuego copper project in Chile, which is poised for near-term production. The company expressed gratitude to its shareholders and outlined a scale-back approach for the SPP, with full details and refund processes expected to be completed by early June 2024.
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