Metal miner announces $3M capital raising

In Latest News
capital raising

Capricorn Metals is raising $3 million on the Australian Securities Exchange (ASX).

The deal involves offering existing and eligible shareholders the opportunity to participate in a Share Purchase Plan (SPP) at an issue price of $0.063 a share.

Funds raised from the SPP, to be held from February 6 to 21, will be applied to the company’s working capital.

The Karlawinda Gold Project in Western Australia’s Pilbara region has been significantly advanced, de-risked and is already “shovel ready”, the company said.

“An increase to the working capital of the company will allow further advancement of the project, amongst other corporate objectives,” Board Chair Debra Bakker said in an ASX statement.

Eligible shareholders recorded on the register will be entitled to apply for shares at $0.063 per share for a minimum investment of $2000 and maximum investment of $15,000 free of brokerage and other related transaction costs.

“Participation in the SPP is entirely optional and is open to all shareholders other than shareholders who have registered addresses in countries outside Australia or New Zealand where regulatory requirements make participation by the shareholder unlawful or impracticable,” Bakker said.

You may also read!


Two contracts awarded for $200M gas project

A well drilling contractor and building material manufacturer have each been awarded a tender for a $200 million natural

BHP South Flank landing sunset

Virus outbreak confirmed at metal mines

A severe infection has been diagnosed several times at two mines owned by a multinational resources giant. Six cases

Man being electrocuted Adobe Stock

New safety code takes aim at unlicensed workers

New rules are hoped to deter dodgy businesses from hiring unlicensed workers to perform dangerous jobs. Only licensed electricians


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu