Comet Ridge Opens AU$5 Million Share Purchase Plan

Comet Ridge (ASX:COI) opened a share purchase plan targeting gross proceeds of up to about AU$5 million, according to a Friday filing with the Australian bourse. The plan allows eligible shareholders to subscribe for up to AU$30,000 worth of new ordinary shares at a price of AU$0.1025 each, the company said. Comet Ridge shares gained 2% in recent Friday trade.