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Somerset Minerals Launches $3.17 Million Capital Raise for Coppermine Exploration

8:18am on Wednesday 1st of July, 2026 AEST Mining
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Somerset Minerals Launches $3.17 Million Capital Raise for Coppermine Exploration

8:18am on Wednesday 1st of July, 2026 AEST
Key Points
  • Pro-rata entitlement offer to raise $1.17 million at $0.008 per share
  • Placement completed raising $2 million with attaching options subject to shareholder approval
  • Funds primarily allocated to Coppermine Project exploration and working capital
  • Entitlement offer non-renounceable and excludes certain overseas shareholders
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