Comet Ridge raises funds

The Mahalo Project area.

The Mahalo Project area.

Comet Ridge has completed an institutional placement raising $10 million, and has launched a Share Purchase Plan (SPP) to raise a further $3 million.

The heavily over-subscribed placement to institutional and sophisticated investors comprising approximately 42.6 million shares at $0.235 per share received strong support from existing shareholders and new institutional investors.

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