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Canadian Phosphate (ASX:CP8) closes A$5.2m raise with oversubscribed demand
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Canadian Phosphate (ASX:CP8) closes A$5.2m raise with oversubscribed demand
Director participation and excess bids let the company fund three project workstreams at once. Canadian Phosphate (ASX:CP8) has closed its renounceable rights issue with enough excess demand that the company tacked on a A$350,000 follow-on placement to soak up the leftover bids. Total raise lands at roughly A$5.2 million before costs, against an original target of A$4.85 million. For a small-cap resources name, that kind of oversubscription is u…
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