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Comet Resources raises $1 million in placement to support exploration in Australia and Mexico Funds will primarily be used at the Barraba Copper Project with exploration to be expanded to include two historic mine areas. The placement is priced at a 10% discount to the last closing price of Comet shares on February 4 Comet Resources Ltd (ASX:CRL) has received commitments for a placement to raise $1 million, bringing several new strategic shareholders to the register and providing additional cash to support exploration activities at projects in Australia and Mexico. This will enable Comet to expand its exploration scope at the Barraba Project in NSW to include further exploration at the historic Murchison Mine in addition to planned exploration works at the historic Gulf Creek mine. ....
Funds raised to be used to support work at the Santa Teresa and Barraba Projects including expansion of exploration activities at the Barraba Project to include the historic Murchison Mine area Highlights Shares to be issued at 2c with a 1 for 2 option at 3c Funds raised to be used to support work at the Santa Teresa and Barraba Projects including expansion of exploration activities at the Barraba Project to include the historic Murchison Mine area Comet Resources Ltd (ASX:CRL) is pleased to announce it has received commitments for a placement of 50,000,000 new fully paid ordinary shares in Comet (Placement Shares) to eligible sophisticated and institutional investors at $0.02 per New Share (the Placement) with a 1 for 2 free attaching option exercisable at $0.03 and expiring 2 years from date of issue (Placement Options). ....