- Junior explorer Battery Minerals (BAT) has tapped investors for $5.5M to kick off work at a new exploration license in Victoria
- The company snapped up the Australian copper-gold project, which is near Stavely Minerals (SVY) Thursday’s Gossan project, in October
- Now, Battery has also raised some funds to get exploration work at its new tenement underway
- Battery coughed up $500,000 and 439 million BAT shares for full control of Gippsland and, subsequently
- The battery is also launching a share purchase plan to raise another $1 million at the same price
- Shares in the company broke out of a trading halt today and slumped towards the placement price, closing almost 11 percent lower at 2.5 cents each
