Strategic Energy Resources Limited (ASX: SER) announced that it has received firm commitments from professional and sophisticated investors to raise AU$875,000 via a placement. The placement included the issue of approx. 51,470,589 fully paid ordinary shares at an issue price of AU$0.017 per new share. The issue price represents a 10% discount to the Company’s 15-day VWAP.
The proceeds from the placement will be used to complete a geophysical survey at its Canobie Ni-Cu Project in northwest Queensland, drill the Achilles 1 Cu-Au Prospect at South Cobar as well as to fund the working capital requirement.
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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.
