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Archer Materials looking to raise 3 million offering a Share Purchase Plan

Archer Materials ( ASX: AXE) CEO Dr Mohammad Choucair joined Proactive’s Steve Darling with news the company is looking to raise capital in a Share Purchase Plan which began June 1st. That plan will allow eligible shareholders the opportunity to purchase new Archer shares at a price of $0.60 per share.

Choucair shared with Proactive why they are offering this SPP and where they plan on utilizing that capital.

Quick facts: Archer Materials Ltd

Price: 0.455 AUD

ASX:AXE
Market: ASX
Market Cap: $102.08 m
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Archer Materials begins next phase in the development of their 12CQ Chip

Archer Materials (ASX: AXE) Chief Executive Officer Dr Mohammad Choucair shared the news with Steve Darling from Proactive that company has entered the next and very exciting phase of their development of the 12CQ Chip for Quantum Computing. Choucair telling Proactive what this next...

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