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Deutsche Rohstoff AG
Share Issue/Capital Change • May 23, 2016
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Share Issue/Capital Change
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Corporate | 23 May 2016 11:07
Deutsche Rohstoff AG: Hammer Metals Raines AUD 1.2 million
DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
2016-05-23 / 11:07
The issuer is solely responsible for the content of this announcement.
Deutsche Rohstoff: Hammer Metals raises AUD 1.2 million
Heidelberg/Perth . Hammer Metals, 15.51% owned by Deutsche Rohstoff, announced today, that it has raised approximately AUD 1.2 million in a share placement. The company has issued additional 18.5 million shares at a price of 6.5 Cents. Deutsche Rohstoff participated in the capital raising with 190,000 AUD and holds 15,50% of Hammer Shares after closing of the placement.
Hammer will use the proceeds from the placement to accelerate explorations at its Mount Isa project in Queensland, Australia. The campaign will target drilling the “Scalper” copper-gold prospect and the recently purchased “Millenium” copper-cobalt-gold project. Drilling at Millenium is designed to follow up high grade cobalt and copper intersections with the objective of outlining a JORC standard (Joint Ore Reserves Committee) resource estimate as soon as possible. Drilling will commence in late June 2016.
Detailed information can be found on Hammer’s website:
http://www.hammermetals.com.au .
Heidelberg, 23 May 2016
Deutsche Rohstoff identifies, develops and divests attractive resource projects in North America, Australia and Europe. The focus is on the development of oil and gas opportunities within the United States. Metals, such as gold, copper, rare earth elements, tungsten and tin complete our portfolio. For more information please visit www.rohstoff.de.
Contact:
Deutsche Rohstoff AG
Thomas Gutschlag
Tel. +49 6221 871 000
2016-05-23 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | Deutsche Rohstoff AG |
| Friedrich-Ebert-Anlage 24 | |
| 69117 Heidelberg | |
| Germany | |
| Phone: | 06221-87100-11 |
| Fax: | 06221-87100-22 |
| E-mail: | [email protected] |
| Internet: | www.rohstoff.de |
| ISIN: | DE000A0XYG76, DE000A1R07G4, |
| WKN: | A0XYG7, A1R07G |
| Indices: | Entry Standard (Performance TOP 30) |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt |
| End of News | DGAP News Service |