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Hannans Reward Ltd Raises $2.8 Million

Sunday, 24 Mar 2013 06:50pm EDT 

Hannans Reward Ltd announced that it has raised approximately $2.8 million before costs through the placement of 141 million shares at AUD0.02 Patersons Securities Limited acted as Lead Manager to the Placement. The Placement will be made in two tranches. The first tranche of $2.5 million (126,334,403 shares) will be issued to institutional and sophisticated investors under the Company’s current placement capacity. The second tranche of $0.3 million (15,000,000 shares) will be issued to Directors and employees of Hannans. Funds raised through the Placement will be used to rapidly advance exploration at Hannans’ 100% owned Pahtohavare copper-gold project in northern Sweden. 

Company Quote

16 Dec 2014