FinTechFunding

Chalice Mining: Raises $15M in oversubscribed SPP

  • 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
Previous article
Prominence Energy: Raises $800K for Bowsprit
Next article
Heritage Group: Closes Third Fund, At Over $300M
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The...
FinTech

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...
FinTech

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...
FinTech

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...