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Cazaly Resources Ltd Announces Placement And Rights Issue


Sunday, 7 Apr 2013 08:25pm EDT 

Cazaly Resources Ltd announced that it intends to raise up to $2.526 million to fund further exploration and development at the Mt. Angelo Copper project and initial reverse circulation drilling at both the Lynd and Webb projects. The capital raising comprises: A proposed placement of up to five million fully paid ordinary shares at an issue price of $0.16 to raise $800,000; and A proposed 1 for 12 non-renounceable rights issue of approximately 10.787 million fully paid ordinary shares at an issue price of $0.16 to raise $1.726 million. The rights issue will be on the basis of one fully paid ordinary share for every 12 fully paid ordinary shares held on the Record Date. Indian Ocean Capital has been appointed lead manager of the Placement and Rights Issue. 

Company Quote

0.075
0.0040 +5.63%
17 Apr 2014