SPQ raises $800,000 in Share Placement
Superior Resources Limited (ASX: SPQ) (Company) has received strong investor support for its 2025 exploration programs, with the Company receiving firm commitments for $800,000 via a placement of 173,913,043 fully paid ordinary shares at a price of $0.0046 (0.46 cents) per share (New Share), with 1 attaching option (exercise price of $0.009 (0.9 cents), expiry date of 10 April 2027) for every 2 Placement shares subscribed for (Placement).
The Placement was strongly supported by a number of high-net-worth investors. The introduction of new institutional investors through the Placement is consistent with SPQ’s objective of increasing the institutional investor presence on its share register ahead of the execution of the Company’s 2025 exploration programs.
Read the announcement via this link