Indonesia copper explorer Asiamet Resources (LON:ARS CVE:ARS) has closed its £1mln fund raise.
The placing, at 1.4p, was subscribed by a combination of existing shareholders and other investors.
Proceeds will help fund an in-fill and expansion drilling programme at the BKM prospect, where a preliminary economic assessment is being prepared.
Dual-listed Asiamet is also working towards the conversion of its convert its Beutong and Jelai properties from exploration to mining licences.