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Sun Resources NL Completes $13.5 Million Capital Raising


Thursday, 8 Aug 2013 07:00pm EDT 

Sun Resources NL announced the capital raising of $13.5 million via private placement with a wholly owned subsidiary of Hancock Prospecting Pty Ltd, representing an 18.48% interest in Sun Resources’ share capital upon completion of the placement. The private placement of 450 million new shares at an issue price of AUD0.03 was completed under the Company’s 25% placement capacity in accordance with ASX Listing Rule 7.1. Settlement occurred on August 8, 2013, with quotation on the Australian Securities Exchange (ASX) anticipated to occur within the next three business days. 

Latest Developments for Sun Resources NL

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16 Apr 2014