Metals explorer Sienna Resources (CSV:SIE) is proposing to increase the non-brokered private placement announced last month.
The plan now is to issue up to 12.5mln units at 20 cents per unit for gross proceeds of up to C$2.5 million.
READ Sienna Resources set for C$2mln fund-raise to develop its projects
As before, each unit consists of one share and one transferable share purchase warrant, exercisable at 30 cents for five years.
The funds will be used to develop Sienna's cobalt and lithium projects.