Uranium hopeful Toro Energy has launched a share purchase plan (SPP) to raise A$3.5-million to fund a drilling programme at the Yandal gold project, and to retire debt.
Eligible shareholders will be able to subscribe for up to A$30 000 of additional shares under the SPP, at a 20% discount to the volume weighted average trading price of Toro’s shares five days immediately prior to the issue of the new shares.