Northern Minerals Launches Share Purchase Plan

Northern Minerals Limited (AU:NTU) has released an update.

Northern Minerals Limited has opened a Share Purchase Plan (SPP) to raise up to $5 million, following a recent $43 million placement to institutional and sophisticated investors. The SPP offers eligible shareholders the chance to buy new shares at $0.019 each without brokerage costs, aiming to fund the definitive feasibility study for the Browns Range Project. Investors from Australia and New Zealand, except those in the US or for US account holders, can apply for various share parcels up to $30,000.

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