StockTake: Andromeda raises $13M to fast-track Great White

Host Tylah Tully looks at Andromeda Metals (ASX:ADN), which has raised $13 million in a strongly supported placement to new institutional and sophisticated investors.

It also plans to raise an additional $2.5 million through a security purchase plan.

Investors involved in either the SPP or placement will be eligible to receive three free-attaching options for every five shares allocated.

Tune into this video to hear what the company plans to spend the funds on.

This video was developed in collaboration with Andromeda Metals, a Stockhead client at the time of publishing.

The interviews and discussions in this video are opinions only and not financial or investment advice. Viewers should obtain independent advice based on their own circumstances before making any financial decisions