Aim-listed Sunrise Resources has raised £350 000 before expenses, through a conditional placing of 291.67-million shares at a price of 0.12p apiece, representing a discount of about 14% to the closing mid-market price on January 8. The net funds raised will be applied primarily to the company’s CS Pozzolan-Perlite project in Nevada, in the US, to continue mine permitting, customer trials and other work required for the development of the project.
