https://www.miningweekly.com
Exploration|PROJECT|Projects
Exploration|PROJECT|Projects
exploration|project|projects

Consolidated Tin Mines adds to war chest

22nd May 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Junior Consolidated Tin Mines has raised an additional A$4-million through a share placement to a new international investor.

The placement to Chinese investor Tiesong Duan was in addition to the placement to Wealth Pointer Global, which took place in April this year and raised A$20.99-million.

The placement to Duan consisted of more than 6.66-million shares at a price of 60.5c each, which represented 1.21% of the company’s issued capital. The shares will be issued under Consolidated Tin’s existing placement capacity, and will not require shareholder approval.

The company on Wednesday said that funds raised from both Duan and Wealth Pointer Global would be used to fund feasibility studies at its Kaiser Bill and Maitland projects, as well as on project development at the Mt Garnet tin project. Funds will also go towards exploration work and to repay the company’s outstanding liabilities, and to fund working capital.

Edited by Creamer Media Reporter

Comments

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 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.122 0.163s - 108pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: