Investigator Resources raised $5 million through a $4 million share placement and a fully underwritten $1 million share purchase plan.
The funds will be used to complete the Paris Silver Project's definitive feasibility study and further explore other projects.
Paris Silver Project is Australia's highest-grade undeveloped primary silver project, and the DFS is expected to be finalised in early 2024.
For every two shares subscribed in the placement and share purchase plan, investors will receive one listed IVRO option with an exercise price of 6.3 cents, expiring in March 2025.