SUNSTONE METAL: RAISES $24M for the drilling of GOLD-COPPER Discoveries

Sunstone Metals Raises $24m for gold-copper exploration drilling.

• Sunstone Metals (STM) has committed to raising around $20 million through the placement of shares.
• The funds will be used for exploration drilling at the Bramaderos and El Parmar Projects in Ecuador.
• The company then announced an investment of $4 million in its stock purchase plan (SPP) to help further boost exploration efforts for the gold-copper deposits.
• When the placement as well as the SPP, The company will be able to hold around thirty million dollars of cash and approximately $2.5 million worth of tradable equity
• STM shares are their value at 7 cents.

Also Read: INTENSEYE: RAISES $25M IN SERIES A FUNDING

Also Read: SNAPPY: RAISES $70M IN FUNDING

Also Read: HYPERSCIENCE: RAISES $100M IN GROWTH EQUITY FUNDING