Stellar Resources Ltd (ASX:SRZ) executive director Gary Fietz tells Proactive the company has raised $1,888,425 via a placement and has also launched a share purchase plan to raise an additional $500,000 to advance ongoing exploration and development projects, including at the flagship Heemskirk tin project. Under the placement Stellar will issue 125,895,000 new fully paid shares in the company to sophisticated and professional investors at an issue price of $0.015 each. Stellar is also offering one free attaching option for every two new shares, exercisable at $0.025 each and within two years of the issue date.
Stellar Resources looks to raise $2.4 million as it advances flagship Heemskirk tin project
