AI assistant
HAMMER METALS LIMITED — Capital/Financing Update 2017
Oct 26, 2017
65065_rns_2017-10-26_32dec4e9-195a-4a76-8560-79856565e0af.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
ASX Announcement (ASX: HMX)
27 October 2017
Non Renounceable Entitlement Issue
Shortfall Finalised
Hammer Metals Limited (“ Hammer” or “the Company” ) (ASX: HMX), is pleased to confirm that the Company with the assistance of lead manager D J Carmichael has placed the shortfall in its recently closed Non Renounceable Entitlement Issue (the Offer).
The Company has today instructed its registry to allot and issue 24,883,515 shares for which cleared funds of $870,923 have been received. This brings the total amount raised under the offer to $1,170,298 before costs.
Following this allotment, the Company will have a total of 267,496,770 ordinary fully paid shares on issue.
The Company is very pleased with the support received from Shareholders and the assistance from Lead Manager D J Carmichael.
For further information, please contact:
Mark Pitts Company Secretary
Hammer Metals Limited (ASX:HMX): Hammer Metals holds a strategic tenement position covering approximately 3,200km[2] within the Mount Isa mining district, with 100% interests in the Kalman (CuAu-Mo-Re) deposit, the Overlander North and Overlander South (Cu-Co) deposits, the Millennium (CuCo-Au) deposit as well as the recently acquired Elaine-Dorothy (Cu-Au) deposit. Hammer is an active mineral explorer, focused on discovering large copper-gold deposits of the Ernest Henry style and has a range of prospective targets at various stages of testing.
1