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Comet Resources welcomes strong support for SPP ahead of busy period of exploration

Comet Resources Ltd’s (ASX:CRL) Matt O'Kane tells Proactive's Andrew Scott he was thrilled with the support for its share purchase plan (SPP) with subscriptions received for almost five times the $500,000 they were initially targeting. After receiving applications from existing shareholders for $2.3 million at an offer price of 2 cents per share with around 180 shareholders participating, the company has accepted $500,000 in oversubscriptions to raise $1 million.

Quick facts: Comet Resources Ltd

Price: 0.024 AUD

ASX:CRL
Market: ASX
Market Cap: $13.18 m
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Comet Resources says Barraba may host 'multiple VMS deposits'

Comet Resources Limited’s (ASX:CRL) Matt O'Kane tells Proactive's Andrew Scott an initial site investigation of the historical Murchison Copper Mine and Gulf Creek North prospects at the Barraba Copper project has identified extensive surface copper mineralisation. He says widespread evidence of...

2 days, 16 hours ago

2 min read