Petratherm Ltd (AU:PTR) has released an update.
Petratherm Ltd has secured $1.6M through a share placement to fund exploration at its Muckanippie Titanium Project, with drilling to commence in early October. The company also announced a Share Purchase Plan to allow retail shareholders to invest up to $1M on the same terms. Funds raised will support the Muckanippie drilling operations and advance Petratherm’s Copper Projects, alongside general capital needs.
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