The copper cobalt deposit forms part of COD’s wider Elizabeth Creek Project in South Australia’s Olympic Copper Province - which the company has a 70 per cent stake in. Mr Jones also explained the funds from the raise will help advance a maiden mineral resource estimate (MRE) being created for Emmie. “The very high level of interest from investors has translated into a strongly supported $14.4 million placement which has really set the company up for success,” Chairman Keith Jones said. The raise was managed by CPS Capital, and Coda noted there was significant interest in the placement, which closed oversubscribed. Under the placement, COD said 12 million shares will be issued at a price of $1.20 per share - a 4.1 per cent discount to the five-day volume-weighted average price (VWAP) and a 3.7 per cent discount to the 10-day VWAP. The advanced exploration business announced the successful capital raise earlier this week, after placing its shares in a trading halt on June 17. COD shares are down 2.63 per cent at $1.48 per shareĬoda Minerals (COD) has raised an additional $14.4 million through a share placement, with the extra funds to be spent on its Emmie Bluff deposit.It’ll use the funds to help create a maiden mineral resource estimate (MRE) at Emmie, which forms part of the wider Elizabeth Creek Project.
COD announced the full details of the successful raise earlier this week, after placing its shares in a trading halt on June 17.Under the raise, 12 million COD shares will be issued at a price of $1.20 per share - a 4.1 per cent discount to the five-day volume-weighted average price (VWAP).Coda Minerals (COD) has raised an additional $14.4 million through a share placement, with the extra funds to be spent on the Emmie Bluff deposit.TSO Tesoro Resources (ASX:TSO) eyes $7.3m capital raise for El Zorro.ECS ECS Botanics (ASX:ECS) flags future capital raise.AJQ Armour Energy (ASX:AJQ) appoints lead manager for McArthur IPO.BGT Bio-Gene Technology (ASX:BGT) executes option agreement with Clarke.DTR Dateline Resources (ASX:DTR) completes Colosseum acquisition.TNR Torian Resources (ASX:TNR) hits high-grade results at Diorite.PSC Prospect Resources (ASX:PSC) gears up to raise fresh capital.PNM Pacific Nickel Mines (ASX:PNM) prepares for fundraise.G88 Golden Mile Resources (ASX:G88) Managing Director resigns.SKY Sky Metals (ASX:SKY) enters mid-week trading halt.PGD Peregrine Gold (ASX:PGD) identifies new prospect at Pilbara.RDN Raiden Resources (ASX:RDN) embarks on exploration in Eastern Europe.SMX Security Matters (ASX:SMX) increases customer receipts in Q3.IAP Irongate Group (ASX:IAP) rejects 360 Capital (ASX:TPG) takeover bid.