Managing Director, Bahay Ozcakmak (right)Source: Spark Plus
- Parkway Minerals (PWN) has successfully undertaken a placement to sophisticated and professional investors and raised just over $1.6 million
- The funds will be raised through the issue of more than 178 million fully-paid shares at 0.9 cents
- In addition, Parkway recently used its existing controlled placement agreement (CPA) with Acuity Capital to raise an extra $36,000
- The company has now raised a total of $1.64 million, which it will primarily use to support its strategic growth initiatives
- The money will go towards expanding in-house technical and commercial capabilities, along with accelerating the commercialisation of Parkway's portfolio
- Parkway is down 7.69 per cent on the market with shares trading for 1.2 cents each
Managing Director, Bahay Ozcakmak (right)Source: Spark Plus
