RNS Number: 8124 A Castillo Copper Limited 04 June 2021 04 June 2021. Castillo Copper Limited, a base metal explorer primarily focused on copper across.
Castillo Copper raises A$11.7 million to turn up the heat at Mt Oxide and Zambian projects
The placement will assist in rapidly progressing development of the company’s core projects in Australia and Zambia, which dovetails in with CCZ’s strategic intent to transform into a mid-tier copper group. The company will issue 278,395,961 new shares at a price of $0.042 (£0.023) per share.
Castillo Copper Ltd (ASX:CCZ) (LON:CCZ) (FRA:70R) will ramp up development at its Mt Oxide and Zambian copper projects after raising A$11.7 million (£6.4 million) in a placement strongly supported by institutional and sophisticated investors in Australia and the UK.