RIGHTS ISSUE Carpentaria has launched a rights issue to raise around $1.3 million following a successful placement to largely institutional investors of $777,600. The funds raised will support critical project expenditures, including the final substantial ecology surveys and water bore drilling, along with working capital needs. The Company has been pleased with the engagement from investors in the placement and from those capable of substantially funding the BFS, which is estimated at costing $25-$30 million.
CAP Price at posting:
11.0¢ Sentiment: None Disclosure: Held
