Impact Minerals (ASX:IPT) yesterday revealed that it had raised $1.9 million under its rights issue priced at $0.021, which had a 100% take-up, demonstrating shareholder support for its exploration programs.
The company last traded higher at $0.025.
Impact has now advised that 70,627,670 shares have been allotted and quotation sought.
The remaining 23,809,523 shares from the issue are expected to be allotted in the coming week as international money transfers clear.
Exploration guide
Drilling is already underway at Broken Hill in New South Wales where it discovered a 25 to 30 metre thick near-surface zone of mineralisation that contains high grade PGM’s along with nickel and copper.
At the Mulga Tank project located 200 kilometres east of Kalgoorlie, the company has started an airborne magnetic and radiometric survey covering the entire 425 square kilometre project area.
Also, Impact plans to carry out from October 2015 further field checking, ground geophysical and geochemical surveys at the Commonwealth high grade gold-silver-zinc-lead-copper project located 100 kilometres north of Orange.
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