https://www.miningweekly.com

Axiom raises funds for Isabel

1st March 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Axiom Mining will raise up to A$6.9-million to fund the further development of the Isabel nickel project, on the Solomon Islands.

The capital raising will include a one-for-ten rights issue, priced at 16c a share, to raise an initial A$5.6-million. The rights issue will contain an attaching option on a seven-for-four basis, meaning that for every 100 shares issued, some 175 options would be received.

Axiom will also make a loyalty bonus option issue, under which eligible shareholders holding 125 000 or more fully paid ordinary shares will be issued one free loyalty bonus option for every eight shares held.

In addition, the company is opting to raise a further A$1.25-million through a private share placement, which will also be priced at 16c a share. The private placement will also come with one attaching option for every two shares bought.

All options will be listed on the ASX with an exercise price of 40c each, and an expiry date of December 14, 2018.

Edited by Creamer Media Reporter

Comments

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.126 0.167s - 108pq - 3rq
1:
1: United States
Subscribe Now
2: United States
2: