Promesa Limited (ASX:PRA) has completed $1,250,000 capital raising issue of 35,714,285 fully paid ordinary shares at $0.035 to fund copper-gold-molybdenum porphyry exploration in Peru.
Promesa's flagship Alumbre prospect is a large scale chargeability anomaly with alteration, where Promesa plans to initiate a 5,600 metre diamond drilling program.
The placement was made to a New York based investment group with over $1 billion under management, and included 20,000,000 unlisted options exercisable at $0.05 within 2 years of issue.
Jett Capital Advisors Holdings was engaged to manage the transaction, with Jett also appointed as Promesa's North American corporate advisor.
Jett’s expertise lie in the mining and energy space with a team of skilled investment banking and capital markets professionals based in New York.
Promesa is currently capitalised at around $5 million.
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