Petratherm Ltd (AU:PTR) has released an update.
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Petratherm Ltd has opened its Share Purchase Plan (SPP) aimed at raising an additional $1M by allowing retail shareholders to buy shares at $0.035 each without brokerage or transaction costs. The funds raised will support drilling operations at Muckanippie, advance their Copper Projects, and provide general working capital. Eligible shareholders in Australia and New Zealand can participate in the SPP until 8 October 2024, with the new shares to be issued on 15 October 2024.
For further insights into AU:PTR stock, check out TipRanks’ Stock Analysis page.