Spectrum raises a pretty penny for accelerating exploration

THE superb market run of gold explorer Spectrum Metals has further played out with a A$7.25 million fundraising now completed that’ll allow it to accelerate work at the Penny West prospects north east of Perth, Western Australia.

Spectrum raises a pretty penny for accelerating exploration Spectrum raises a pretty penny for accelerating exploration Spectrum raises a pretty penny for accelerating exploration Spectrum raises a pretty penny for accelerating exploration Spectrum raises a pretty penny for accelerating exploration

Spectrum MD Paul Adams now has more funds to probe for riches below and around the historic Penny West pit, WA

The pricing of 6.25c per new share is some 1500% above the stock's 12-month low, with interest in the stock exploding last month after it earlier announced high-grade gold drill hits.