Chesterfield Resources plc has raised £700,000 by way of a placing and subscription of 10,000,000 new ordinary shares of 0.1 pence each at 7 pence per share.
Each two placing shares will have one warrant attached, exercisable at 12p per ordinary share for the period of 24 months from the date of admission of the placing shares.
Proceeds will primarily be used for exploration, working capital and to pay for the costs associated with seeking a secondary listing on the TSX-V.