Savannah Resources (AIM:SAV), developer of the Barroso Lithium Project in Portugal and Europe's largest spodumene lithium deposit, confirmed its retail offer closed at 5pm on 24 September, raising £2.19m through 39.87m new shares at 5.5p each.
The retail tranche completes a fundraising launched on 22 September alongside a placing and subscription, taking the total raise to $40m.
Board director Rick Anthon and senior manager Henrique Freire also participated.
The 317.54m placing shares, 189.66m subscription shares and 39.87m retail offer shares will all be admitted to trading on AIM on 28 September.
Normal trading in Savannah's existing shares resumed at 7:30am on 25 September, following the close of the capital access window that had been in place during the offer period.