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Estrella Raises $3.75M to Power Timor-Leste Drilling Push

6:28pm on Sunday 1st of June, 2025 AEST Mining
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Estrella Raises $3.75M to Power Timor-Leste Drilling Push

6:28pm on Sunday 1st of June, 2025 AEST
Key Points
  • Raised $3.75 million via placement of 125 million shares at $0.03 each
  • Placement price set at a 7% premium to last trading price
  • Funds earmarked for drilling program and working capital in Timor-Leste
  • Placement managed by Barclay Wells Ltd with a 6% management fee
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