Dona Ferentes
A little bit OC⚡DC
- Joined
- 11 January 2016
- Posts
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what? progress costs money? retail gets squeezed!
$5.5M CAPITAL RAISING TO ADVANCE McDERMITT LITHIUM PROJECT
• Jindalee announces a capital raising of up to $5.5 million comprised of a $2 million Priority Offer to Eligible Securityholders and a $3.5 million Public Offer.
• Funds raised to be used to advance exploration and development of the Company’s 100% owned McDermitt Lithium Project and provide general working capital.
• McDermitt is the largest lithium deposit in the US by contained lithium with 21.5Mt Lithium Carbonate Equivalent in Mineral Resource.
• Securityholders are encouraged to promptly participate by subscribing for Shares under the Priority Offer.
Jindalee Resources Limited (to be renamed "Jindalee Lithium Limited”)
... new ordinary shares at an issue price of $1.40 per Share to raise up to $5,500,000 (before costs).
The Capital Raising includes a Priority Offer of up to 1,430,000 Shares to Jindalee share and option holders on the register and a Public Offerof 2,500,000 Shares to investors who have been invited by the Company or the Lead Manager to subscribe for Shares under the Public Offer.
.
hmmm. ... and down to the new price.
$5.5M CAPITAL RAISING TO ADVANCE McDERMITT LITHIUM PROJECT
• Jindalee announces a capital raising of up to $5.5 million comprised of a $2 million Priority Offer to Eligible Securityholders and a $3.5 million Public Offer.
• Funds raised to be used to advance exploration and development of the Company’s 100% owned McDermitt Lithium Project and provide general working capital.
• McDermitt is the largest lithium deposit in the US by contained lithium with 21.5Mt Lithium Carbonate Equivalent in Mineral Resource.
• Securityholders are encouraged to promptly participate by subscribing for Shares under the Priority Offer.
Jindalee Resources Limited (to be renamed "Jindalee Lithium Limited”)
... new ordinary shares at an issue price of $1.40 per Share to raise up to $5,500,000 (before costs).
The Capital Raising includes a Priority Offer of up to 1,430,000 Shares to Jindalee share and option holders on the register and a Public Offerof 2,500,000 Shares to investors who have been invited by the Company or the Lead Manager to subscribe for Shares under the Public Offer.
.
hmmm. ... and down to the new price.
