Skip to main content
The Markets by Proactive
Go to Proactive Australia

Archive

Andromeda Metals raises $15 million in heavily oversubscribed SPP

Andromeda Metals raises $15 million in heavily oversubscribed SPP

Andromeda Metals Ltd (ASX:ADN)'s James Marsh speaks to Proactive soon after announcing they've completed an oversubscribed share purchase plan raising $15 million and adding to the $30 million received under its placement completed earlier this month. He says the SPP amount signals strong support for the company by existing shareholders as it moves the Great White Kaolin Project through final feasibility studies and towards production.