Ceylon Graphite plans C$3.5M raise to advance Sri Lanka Sri-Lanka-focused miner () (OTCMKTS:CYLYF) announced plans on Tuesday to raise up to C$3.5 million gross to advance its assets in the country.
The firm plans to place units at C$0.25 each.
Each unit will consist of one Ceylon Graphite share and one whole warrant. Each warrant entitles the holder to buy one share for C$0.30 for two years from issue.
So far, Ceylon has received subscriptions for 10 million shares amounting to C$2.5 million, the company said in a statement.
https://ca.proactiveinvestors.com/companies/news/911672/ceylon-graphite-plans-c35m-raise-to-advance-sri-lanka-assets-911672.html