Chariot Corporation Limited (AU:CC9) has released an update.
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Chariot Corporation Limited has successfully raised A$1.618 million through a placement of 8.09 million shares at A$0.20 each, with strong support from institutional investors. The funds will support phase 2 drilling at the Black Mountain Lithium Project and efforts towards a pilot mine initiative. Directors of the company have also committed to participating in the placement, subject to shareholder approval.
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