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Strategic Energy Resources (ASX:SER) looks to raise $2M for copper and gold projects
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  • Strategic Energy Resources (SER) is looking to raise $2 million for its East Tennant and Canobie District Copper-Gold projects in Northern Territory and Queensland
  • The company is offering new and existing shareholders the chance to purchase shares for 4.3 cents each
  • Ultimately, funds will allow the company to drill at Rast Tennant and Canobie
  • Company shares entered a trading halt this morning ahead of the capital raise news and last traded for 5.7 cents on January 22

Strategic Energy Resources (SER) is looking to raise $2 million for its East Tennant and Canobie District Copper-Gold projects.

The company is offering new and existing shareholders to purchase shares for 4.3 cents each.

Funds from the capital raising will allow further geophysics and drilling at SER's East Tennant and Canobie District projects.

East Tennant is located in the Northern Territory and the project is surrounded by Newcrest Mining's (NCM) exploration licences. SER is looking to drill nine compelling copper-gold targets within the region.

The Canobie District is located in Queensland and covers 1640 square kilometres of the Mt Isa Eastern Succession, around 75 kilometres north of Ernest Henry mine. SER has prioritised multiple targets to be drill tested in 2021.

Notably, SER Directors have flagged their intention to participate in the placement, subject to shareholder approval.

Company shares entered a trading halt this morning ahead of the capital raise news and last traded for 5.7 cents on January 22.

SER by the numbers
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