Chase Mining Ltd (ASX:CML) executive chairman Dr Leon Pretorius, non-executive director Julian Atkinson and non-executive director Charles Thomas have shown support for the company’s exploration strategy by participating in a share placement.
Dr Pretorius acquired 2 million shares and now holds a total of 20,400,000 shares in the company.
Atkinson acquired 500,000 shares and now holds 500,000 shares. Thomas acquired 1 million shares for a total of 10,440,000 shares.
Placement to fund exploration
The share placement raised about A$821,000 from sophisticated investors and directors at A$0.016 per share.
Proceeds will be used to carry out additional preparatory desktop and fieldwork at its Alotta and Lorraine projects in Quebec, Canada, prior to possible further drilling and for working capital.