Juno Minerals (ASX:JNO) entered into a share subscription agreement with Ida Metals Investments to raise AU$818,754 through the placement of about 27.3 million shares priced at AU$0.03 apiece, according to a Tuesday filing with the Australian bourse.
Proceeds will be used to advance the company's exploration projects and meet general working capital requirements, the filing said.
Ida Metals Investments will hold a substantial interest of 13.04% after the shares are issued, according to the filing.
Juno Minerals shares fell 4% in morning trade Friday.
Price (AUD): $0.02, Change: $-0.0010, Percent Change: -4.00%
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