C29 Metals Restricted (“C29” or the “Firm”) is happy to announce that it has obtained agency commitments from subtle {and professional} traders to boost $2,450,000 (earlier than prices) by a placement of a complete of 34,507,042 totally paid unusual shares within the capital of the Firm (Placement Shares) at a difficulty worth of $0.071 every (Placement). The Placement noticed robust assist with demand considerably exceeding shares supplied below the Placement.
HIGHLIGHTS
- C29 has obtained agency commitments to boost $2.45m (earlier than prices), which will probably be accomplished below the Firm’s present Itemizing Rule 7.1 and seven.1(a) placement capability.
- C29 Metals receives official notification all regulatory necessities met for the problem of drill permits
20,952,179 Placement Shares will probably be issued pursuant to the Firm’s placement capability below Itemizing Rule 7.1 and 13,554,863 Placement Shares will probably be issued pursuant to the Firm’s placement capability below Itemizing Rule 7.1A.
The problem worth of $0.071 represents a 0% low cost to the final buying and selling worth of $0.071 on 15 October 2024 and a premium of three% to the 15-day quantity weighted common worth of $0.069.
Funds from the Placement will probably be directed in direction of exploration actions on the Firm’s Ulytau Uranium Venture and dealing capital.
The Firm has engaged ARQ Capital Pty Ltd (Lead Supervisor) to handle the Placement. The Lead Supervisor (or its nominees) will obtain a capital elevating payment of 6% on the quantity raised below the Placement, a administration payment of $15,000 and a pair of,500,000 choices with an train worth of $0.115 expiring 12 December 2025 (Dealer Choices), the problem of the Dealer Choices is topic to shareholder approval on the Firm’s upcoming AGM.
The Firm has accepted the problem of 4,000,000 Director Incentive Choices (Director Choices) to be issued to the Director (or their nominee), the problem of the Director Choices is topic to shareholder approval on the Firm’s upcoming AGM. The Director Choices have an train worth of $0.110 expiring three years from date of difficulty. The allocation of the Director Choices is as follows, Mr Shannon Inexperienced to be issued 2,000,000 Director Choices, Mr Jamie Myers to be issued 1,500,000 Director Choices and Mr David Lees to be issued with 500,000 Director Choices.
Click on right here for the total ASX Launch
This text contains content material from C29 Metals Restricted, licensed for the aim of publishing on Investing Information Australia. This text doesn’t represent monetary product recommendation. It’s your duty to carry out correct due diligence earlier than appearing upon any info offered right here. Please consult with our full disclaimer right here.
