10:28 AM EDT, 09/30/2024 (MT Newswires) -- Adyton Resources ( ADYRF ) was at last look up 30% early Monday after saying it is raising $6.9 million in a non-brokered private placement offering of 53 million common shares priced at $0.13 apiece.

The company plans to use the proceeds to advance the Feni Island copper project in Papua New Guinea, as well as for working capital and general corporate purposes.

Closing is subject to certain conditions including approvals from regulators and the TSXV.

Adyton's share price has jumped $0.035 to $0.15 on the TSXV.

Price: 0.15, Change: +0.04, Percent Change: +30.43