Meteoric Resources NL (ASX:MEI) closed its share purchase plan (SPP) on December 8, 2021, oversubscribed, enhancing the company's finances by more than A$1.088 million.
The fully underwritten SPP targeted to raise $1 million from existing shareholders at an issue price of $0.017 per share together with 1 free attaching new option for every five new shares issued, exercisable at $0.024 on or before May 28, 2023.
It provided eligible shareholders with the opportunity to subscribe for a minimum of $2,000 and up to a maximum of $30,000 of new Meteoric shares.
Total applications amounting to $1,088,100 were received and the board has determined that all 136 valid applications will be accepted in full.
A supplementary prospectus in relation to the revised applications total has been lodged with ASIC today.
A total of 64,005,832 new shares and 12,801,126 new options will be allotted and issued on Wednesday, December 15, 2021, and the shares and options are expected to be quoted on the ASX on Thursday, December 16, 2021.
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