Tertiary Minerals plc raised £500,000 before expenses through placing 294,117,647 new ordinary shares of 0.01 pence each at a price of 0.17 pence.
PDMRs
Directors of the company participated in an aggregate of £40,000 for 23,529,411 placing shares in support of the fundraising
Proceeds will be used to fund drilling and exploration activities at the company’s Nevada (silver-gold) and Zambia (copper) projects.
BROKER OPTION
Additionally, 58,823,529 broker option shares are available to qualified shareholders or other qualified investors to raise up to a further £100,000.
Investors will receive one warrant for every two placing shares or broker option shares.
The warrants will be exercisable at 0.34 pence and have a term of 18 months.
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