Source - SMW
Great Western Mining has raised £1,500,000, gross, though a placing of 93,750,000 new ordinary shares at 1.60p apiece. 

The placing was conducted by Beaufort Securities Limited due to  demand from existing institutional shareholders.

Great Western Mining said the net proceeds would  provide the company with additional working capital to bring forward infill and step-out drilling on its M2 copper-gold prospect, with the dual target of increasing the size of the current independently verified Indicated and Inferred JORC Mineral Resource and advancing this resource to a JORC Measured and Indicated status, with the possibility of JORC Reserves.

At 9:56am: (LON:GWMO) Great Western Mining Corporation PLC share price was -0.31p at 2.25p