Gold explorer Breaker Resources has raised $10 million at 50¢ a share with the help of Patersons Securities.
The shares were placed in a trading halt on Tuesday.
It's understood the books have already closed, wth the deal more than covered within two hours.
Breaker shares have tripled since the start of the month, last trading at around 65¢.
The company owns the Lake Roe Project, located 100 kilometres east of Kalgoorlie in the Eastern Goldfields Superterrane.