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Sirius Resources NL Announces AUD83.5 Million Placement

Wednesday, 30 Oct 2013 09:37pm EDT 

Sirius Resources NL announced that it has resolved to raise approximately AUD83.5 million in a placement to domestic and international institutional and sophisticated investors (Offer). Sirius’ corporate advisor, Hartleys Limited, is Broker to the Offer. The placement of approximately 34 million shares will be issued pursuant to Sirius’ 15% capacity under ASX Listing Rule 7.1 and was made at a price of AUD2.44 per share, a less than 5% discount to the 5 day volume weighted average price. Funds raised will be primarily used as follows: Fast tracking of exploration: Western Trend and other nickel targets, Fraser Range gold targets and Polar Bear; Potential project acquisition and/or Nova-­‐Bollinger project development costs; and General working capital. 

Company Quote

0.06 +1.91%
27 Feb 2015