Additionally, the company's major shareholder, Alkane Resources (ALK), retained its 12.7 per cent ownership by investing $3.2 million. Calidus will use the $25 million to fund work at its Warrawoona Gold Project in the Pilbara and to broaden its exploration programs. "The strong demand from institutions and existing shareholder, Alkane Resources, highlights the superb level of support for our strategic plan to accelerate development of Warrawoona and unlock the exploration potential of the region," Managing Director Dave Reeves said. Calidus has ended the day 3.28 per cent in the red with shares trading for 59 cents each in a $134 million market cap.