Red Metal Limited

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Home Investors ASX Announcements Red Metal Completes Share Placement
Red Metal Completes Share Placement
The Board of Red Metal Limited (ASX: RDM) is pleased to advise that the share placement announced on 1 November 2017 has now been completed. The Company confirms the allotment of 13,215,000 shares at an issue price of $0.14 each to raise $1.85 million. The shares were placed to selected Australian institutions and professional investors.Veritas Securities Limited acted as lead manager to the issue.
 
The proceeds of the Placement will be used to fund the first-pass drill program at the Lawn Hill project, as well as to advance the Company’s other active Australian base metal projects and for working capital purposes...