Petratherm (ASX:PTR) has opened a share purchase plan (SPP) to raise up to AU$1 million at AU$0.035 per share, according to a Tuesday filing with the Australian bourse.
Proceeds will be used to fund drilling at Muckanippie, advance the mining firm's copper projects, for general working capital and costs of the offer. The SPP closes on Oct. 8, the filing said.
Company shares rose 5% in Tuesday's trade.
Price (AUD): $0.05, Change: $+0.0020, Percent Change: +4.65%
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