Comet Resources (ASX:CRL) raises $1M in share purchase plan

Mining

ASX:CRL MCAP $10.83M

Managing Director, Matthew O'KaneSource: The Market Herald

• Junior explorer Comet Resources (CRL) has raised $1 million via a heavily oversubscribed share purchase plan
• Originally, Comet intended to raise half a million dollars, however with strong demand from shareholders, the company accepted an additional $500,000
• The SPP came in the wake of a $2 million placement last month
• Funds will be used for the company's Santa Teresa Gold Project and its Barraba Copper Project
• Shares in Comet Resource closed 4.54 per cent higher for 2.3 cents.

Read the full article on The Market Herald here: https://themarketherald.com.au/comet-resources-asxcrl-raises-1m-in-share-purchase-plan-2020-10-05/