Felix Gold (ASX:FXG) has wrapped up its share purchase plan (SPP) which raised $592,000.
As previously announced, Felix will use the funds to progress exploration at the NW Array target, within its Treasure Creek Project, alongside support for the delivery of a maiden Mineral Resource Estimate.
Shares under the SPP will be allotted on Wednesday 27 September 2023.
The $15.58 million market capitalisation company is now in advanced discussions with lead manager Reach Corporate, in regard to the placement of the shortfall, as well as alternative funding.
Felix reports the new shares issued under the SPP will rank equally with existing ordinary shares from their date of issue.
The SPP closed on Wednesday 20 September, subsequent to announcing on 12 September an extension of the SPP.
Felix Gold is an ASX-listed gold discovery company, focused on operating in the ‘highly endowed’ Tintina Gold Province of Alaska in the US.
Write to Aaliyah Rogan at Mining.com.au
Images: Felix Gold