Broker Whairo Capital was in the market on Thursday morning, seeking buyers for a $4.5 million parcel of new shares.The deal was priced at 3.8¢ a share, or a 15.5 per cent discount to the last close.
Funds raised would be used for drilling at Superior Resources’ Bottletree copper prospect, which is part of its Greenvale Project west of Townsville in Queensland, and the Steam Engine gold prospect on the same site. Whairo Capital was calling for bids by 5pm on Friday and told clients to expect some interesting names in the raising.
“The Company will be taking this opportunity to place stock to strategic investors,” a term sheet sent to potential investors said.Get a first look at tomorrow's headlines
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