Chilwa Minerals (ASX:CHW) completed its $3.5 million underwritten public offering of 625,000 American depositary shares (ADS) and warrants, priced at $5.60 per ADS and warrant, according to a Saturday statement by the company.
The company also partially exercised the underwriters' option to purchase an additional 92,000 warrants, per the statement.
The funds will be used for mineral exploration, working capital, and general corporate purposes.
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