Sipa Resources Raises $1m for exploration
- Sipa Resources (SRI) receives binding commitments to raise roughly $1 million through a share placement
- The company will issue 23.1 million shares at 4.5 cents to professional and sophisticated investors, as well as company directors
- SipaResources will use the money for drilling and other exploration work to target lithium, base metals and gold across various projects
- The company also welcomed support from existing shareholders and directors
- The company shares end the day 7.55 per cent in the red at 4.9 cents each
