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Archer Materials looking to raise 3 million offering a Share Purchase Plan

Archer Materials ( ASX: AXE) CEO Dr Mohammad Choucair joined Proactive’s Steve Darling with news the company is looking to raise capital in a Share Purchase Plan which began June 1st. That plan will allow eligible shareholders the opportunity to purchase new Archer shares at a price of $0.60 per share.

Choucair shared with Proactive why they are offering this SPP and where they plan on utilizing that capital.

Quick facts: Archer Materials Ltd

Price: 0.46 AUD

ASX:AXE
Market: ASX
Market Cap: $103.2 m
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