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Brazilian Metals Group Ltd Closes Renounceable Rights Issue


Tuesday, 19 Mar 2013 03:49am EDT 

Brazilian Metals Group Ltd announced that the Company‚Äôs renounceable rights issue (Rights Issue) made pursuant to the prospectus dated February 15, 2013 (Prospectus), which was fully underwritten by Patersons Securities Limited, closed at 5.00pm (WST) on March 15, 2013. The Rights Issue will raise the full offer amount of AUD4,381,708 (before costs) and a total of 438,170,799 fully paid ordinary shares in the Company will be issued. The funds raised from the Rights Issue will enable the completion of the acquisition of the Treasure Project, being a portfolio of copper-gold assets in Cyprus, and the proposed drilling programme which is expected to commence in the next month. 

Company Quote

0.012
-0.021 -63.64%
24 Dec 2014