ASX-listed Bass Metals will raise A$3.3-million through a share placement to fund resource drilling and part of the Stage 2 expansion at its Graphmada large flake graphite project, in Madagascar.
Shares for the placement will be issued at a price of 1.25c each, with subscribers to the placement also receiving one unlisted option, exercisable by the end of December 2020, at a price of 5c each, for every to shares issued.