Chilwa Minerals Sees High Demand in Share Purchase Plan

Chilwa Minerals Ltd (AU:CHW) has released an update.

Chilwa Minerals Limited’s Share Purchase Plan (SPP) attracted strong investor interest, with applications totaling $1.4 million, nearly three times the intended $0.5 million. To accommodate demand, the company raised the SPP to $700,000, ensuring all applicants receive shares, with excess funds being refunded. This successful funding, coupled with a recent $6 million private placement, positions Chilwa to advance its exploration projects in Malawi.

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