Comet Resources (ASX:CRL) to raise $500,000 in SPP

Mining

ASX:CRL MCAP $8.032M

Managing Director, Matthew O'KaneSourced: **promotion blocked**

• Comet Resources (CRL) is aiming to raise $500,000 through a share purchase plan (SPP)
• On Monday, the company announced a $2 million placement — combined with the SPP, this brings the total funds Comet hopes to raise to $2.5 million
• The junior explorer says shareholders can purchase up to $30,000 in shares for two cents each
• The funds raised will be used to support ongoing exploration at the Santa Teresa, Barraba and Springdale projects — the company's gold, copper and graphite assets
• On the market this morning, Comet is up 4.76 per cent and is trading for 2.2 cents per share

Read the full article on The Market Herald here: https://themarketherald.com.au/comet-resources-asxcrl-to-raise-500000-in-spp-2020-09-10/