Volt successfully completes placement to raise $4 million with strategic institutional investment fund
Institutional investment fund is experienced in investing in the graphite sector
Commenting on the Placement, Executive Chairman Stephen Hunt said: “Having this institutional investor support the Company in the development of its Namangale Graphite Project is very significant. Funding of this type provides further confidence of the Project’s viability and further certainty around funding over the medium to long term. By attracting this level of investment on highly favourable terms, the Company can further accelerate plans for the Namangale Graphite Project to meet the demand of the graphite sector going forward.”
Why the name has not been disclosed? May be on placement date?
VRC Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
