Parabellum Resources Limited (ASX: PBL) announced that it had received firm commitments to raise AU$3.9 million. The placement comprised the issue of approx. 19,500,000 fully paid ordinary shares at an issue price of AU$0.20c per new share.
The fund raised via the placement will be used to fund the important work program in both Mongolia and Australia to complete a JORC compliant Scoping Study to exhibit the economic feasibility for the Khotgor Project and an updated JORC Mineral Resource Estimate, metallurgical drill program, metallurgical test work program, and engineering designs.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
