Bathurst Resources (ASX:BRL) reported the opening of its non-underwritten share purchase plan of up to AU$3 million on Wednesday, according to a same-day Australian bourse filing.
The offer is expected to close on April 16.
Shareholders will be able to acquire up to AU$30,000 worth of ordinary shares at AU$0.74 per share.
The company will use the proceeds to fund approvals and permitting of the Buller project in New Zealand and the Tenas project in Canada, as well as for working capital.
Bathurst Resources' shares fell almost 2% in recent trading on Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.