Lowell Resources Fund Launches $5.7M Placement and SPP

Lowell Resources Fund (AU:LRT) has released an update.

Lowell Resources Fund has announced a $5.7 million placement and a Security Purchase Plan, offering units at a discounted price of $1.10 each, to raise funds for its investment strategy in the junior mining and energy sectors. The placement saw high demand from sophisticated investors, while the SPP allows existing unit holders to participate, capped at $2 million. This move aims to capitalize on attractive investment opportunities in the gold, copper, and energy sectors.

For further insights into AU:LRT stock, check out TipRanks’ Stock Analysis page.