Podium Minerals: Raising $1M for Parks Reef PGM Project

Podium Minerals: Raising $1M for Parks Reef PGM Project

• Podium Minerals (POD) is looking to raise $1 million to advance its Parks Reef PGM Project in Western Australia
• This $1 million will raised through a $500,000 placement and a $500,000 share purchase plan
• In regards to the placement, a total of 31.25 million shares will also issued to sophisticated investors at a price of 1.6 cents per share
• For the share purchase plan, eligible shareholders will have the opportunity to purchase up to $30,000 worth of new shares
• However, Directors have the right to scale back or increase the size of it
• Podium Minerals has ended the day down 23.1 per cent with shares trading for 2 cents each