3.8 mill capital raising at 1dollar30

Great to see that the current institutional investors happy to get some more, like to get some at these prices too.
Would like to see the Irvine Island project fast tracked to a JORC before the Tassie projects. Tony the MD know's what he is doing and knows best, so leave it to him....

Pluton Resources Ltd (ASX Code: PLV) is pleased to advise that it has received commitments
for the placement of 2.9 million shares at a price of $1.30 per share, raising a total of $3.8
million before costs associated with the placement. The placement was arranged by Bell Potter
Perth to institutional investors under the 15% placement limit. The commitments were received
by a number of current institutional shareholders, as well as a number of new institutional
investors.
The funds raised will be used primarily to complete Pluton’s Irvine Island iron ore project plus
complete the summer drilling program at the Dove Rover and Cethana leases in Tasmania.
Irvine Island hosts the same iron ore body found on nearby Cockatoo and Koolan Islands,
located off the coast of Derby in northwest Western Australia.