- Chalice Mining (CHN) has closed its oversubscribed share purchase plan (SPP) and raised $15 million
- In early December, Chalice revealed it would undertaking a $110 million capital raise consisting of a $100 million placement and $10 million SPP
- Then the company received $47 million in applications and, given this response, decided to increase the SPP to $15 million
- Shares expected to issued on January 21 and begin trading on the ASX on January 22
- Chalice will also use the funds to accelerate exploration and development activities at its Julimar nickel-copper-platinum group element (PGE) project in WA
- Chalice has ended the day 2.53 per cent in the red with shares trading at $4.24
