https://www.miningweekly.com

Impact raises A$4m for exploration

12th May 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Explorer Impact Minerals will raise up to A$4-million through a share purchase plan (SPP) to fund drilling at its Commonwealth gold/silver/base metals project, in New South Wales.

The company will offer some 222.3-million new shares under the SPP, with shareholders able to subscribe for up to A$15 000 in new shares, at a price of 1.8c a share.

Eligible shareholders will also be offered three free attaching listed operations, exercisable at 4c each, with an expiry date of June 2020, for every two new shares subscribed for.

The SPP will close on June 9.

MD Mike Jones told shareholders that in addition to funding drilling at the Commonwealth project, proceeds from the SPP would also be used for follow-up work, including drilling, at the Broken Hill copper/nickel/platinum group metals project where targets were recently identified.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Advanced Fire Suppression Technologies
Advanced Fire Suppression Technologies

Established on 1 March, 2000, by Barries Barnard, Advanced Fire Suppression Technologies (AFST) and the Advanced Group stands as Sub-Saharan...

VISIT SHOWROOM 
Bell Equipment
Bell Equipment

As one of South Africa's leading manufacturers, Bell Equipment distributes and exports its wide range of heavy equipment globally to mining,...

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:0.151 0.641s - 111pq - 2rq
Subscribe Now