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Posted by
Two Blokes May 20 -
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Stock
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Andromeda Metals Ltd has successfully completed a $5 million placement to institutional and sophisticated investors, reinforcing its push towards a final investment decision (FID) at its flagship Great White Project in South Australia. The shares were issued at $0.013 each, with investors also offered three free-attaching options for every four shares subscribed – exercisable at $0.0195 and expiring two years after issue, pending shareholder approval.
