Santana Minerals Limited (ASX: SMI; ACN 161 946 989) (Santana or Company) announced on 5 May 2023 that it had undertaken a private placement to raise $15.5m from sophisticated, professional and institutional investors (Placement).
As previously announced, the Company intends to offer eligible shareholders the opportunity to subscribe for additional fully paid ordinary shares (Shares) pursuant to a share purchase plan (SPP) at the same issue price as the Placement.
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