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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: S&P Capital IQ Quantitative Report
Provider: GlobalData

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Australian American Mining Corporation Ltd To Raise $1.6 Million In Placement

Tuesday, 9 Apr 2013 07:24pm EDT 

Australian-American Mining Corporation Ltd announced that it has agreed to raise $1.6 million by way of a placement to clients of joint lead managers Peloton Capital Pty Ltd and DJ Carmichael Pty Ltd. The placement will be done in two tranches at 2.8 cents per share with one free option for every two shares subscribed for. The options will be exercisable on or before 1 March 2015 and will be exercisable at 9 cents. These options will be unlisted however the company intends applying to the ASX to have them quoted. Funds raised in this placement will be used for further drilling, exploration, mapping and sampling of De Soto and the Gap, a geophysical program over the entire project and to pay the first option payment. 

Company Quote

0.0010 +16.67%
22 Oct 2014