Andromeda Metals seeks $45m for SA project Save Share Industrial metals hopeful Andromeda Metals wants to start the new financial year cashed up and ready to fund pre-development at its Great White project in South Australia. Street Talk.  Louie Douvis The copper/gold explorer turned halloysite-kaolin hopeful has kicked off a $45 million equity raising via stockbrokers Taylor Collison, Canaccord Genuity and Morgans. The brokers were seeking buyers for 200 million new shares in a single tranche placement at 15¢ each to raise $30 million, and up to another $15 million in a share purchase plan. The deal was priced at 15¢ or a 16.7 per cent discount to the last close and a 31.5 per cent discount to the 30-day VWAP, according to terms sent to investors.