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Genesis Minerals Ltd Announces Capital Raising

Wednesday, 20 Feb 2013 06:38pm EST 

Genesis Minerals Ltd announced that it has secured funding of approximately AUD 2.15 million via a Placement of 10 million fully paid ordinary shares at AUD 0.05, raising AUD 0.5 million immediately, to be followed by a one-for-four (1 for 4) underwritten nonrenounceable entitlements issue to all shareholders at AUD 0.05 per new share, to raise a further AUD 1.65 million. The raising will provide funding for drill programs at the Poncha Project in Argentina, Cerro Verde Project in Chile and for working capital. The Company issued 10,000,000 fully paid ordinary shares issued at AUD 0.05 per new share pursuant to Placement and 33,031,560 fully paid ordinary shares issued on the basis of a 1 for 4 entitlements issue at AUD 0.05 per new share. 

Company Quote

-0.0020 -22.22%
24 Oct 2014