Strategic Energy Resources Limited (AU:SER) has released an update.
Strategic Energy Resources Ltd successfully raised $2M through a share placement, underpinned by notable resources investors Datt Capital and Lowell Resources Fund, to fund exploration activities at the Achilles 1 Polymetallic Prospect in the South Cobar Basin. The placement was oversubscribed, and Datt Capital’s partner, Mr. Tony Gu, joined SER’s board as a Non-Executive Director, bringing valuable industry experience. Funds from the placement will expedite exploration in South Cobar and enhance SER’s other assets, with Bell Potter Securities managing the placement process.
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