Prospect Resources Limited (ASX:PSC) has announced the successful completion of its Share Purchase Plan (SPP), raising a total of A$1,123,000 from valid applications for 11,230,000 New Shares. The SPP, open to Eligible Shareholders, allowed them to apply for up to A$30,000 of New Shares at $0.10 per New Share without incurring brokerage, commission, or other transaction costs. The funds raised, combined with those from the Placement, will primarily be used for advancing exploration and development activities on Prospect's Mumbezhi Copper Project in Zambia, seeking other mineral asset exploration and development opportunities, particularly within Zambia, and general working capital purposes. The New Shares subscribed for under the SPP will be issued today, 11 September 2024, and will rank equally with all other fully paid ordinary shares on issue.
Prospect Resources Limited is pleased to announce the successful outcome of the Share Purchase Plan, which received strong support from our shareholders. The funds raised will enable us to advance our exploration and development activities in Zambia, as well as pursue additional mineral asset exploration and development opportunities. We are grateful for the continued support of our shareholders and look forward to delivering on our strategic objectives.
Prospect Resources Limited (ASX:PSC) has successfully completed its Share Purchase Plan, raising A$1,123,000 to support its exploration and development activities in Zambia and pursue other mineral asset exploration opportunities. The funds, in conjunction with those from the Placement, will also be utilized for general working capital purposes. The Company expresses gratitude to its shareholders for their ongoing support and remains focused on advancing its strategic objectives in line with its corporate strategy.