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Solid backing for Hot Chili's Cortadera fundraising

Persistent copper-gold explorer Hot Chili has been backed by new and existing investors in a A$12 million institutional placement, with the funds set to be spent on drilling and part-payment for the US$30 million Cortadera porphyry acquisition unveiled earlier this year.

Michael Quinn
Hot Chili has been active on the ground in Chile for many years

Hot Chili has been active on the ground in Chile for many years

After paying Cortadera's vendor $2 million in July, Hot Chili will now hand over a further $3 million, with another $10 million due within the next 12 months and $15 million in 24 months. Cortadera...

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