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HASTINGS TECHNOLOGY METALS LTD — Capital/Financing Update 2017
Aug 31, 2017
65037_rns_2017-08-31_caacdda3-321a-4d82-a32c-a2349192303c.pdf
Capital/Financing Update
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1 September 2017
ASX ANNOUNCEMENT
HASTINGS COMPLETES CAPITAL RAISING
Hastings Technology Metals Ltd (Hastings or Company) (ASX:HAS) is pleased to advise that it has completed the capital raising announced on 21 August 2017, raising $16,225,000, before costs.
The Company has issued 81,125,000 new ordinary shares (28,125,000 issued under LR7.1 and 53,000,000 issued under LR7.1A) at a price of 20 cents per share. This excludes placement shares to be subscribed for by Directors, subject to shareholder approval at a general meeting to be held on 29 September 2017.
The funds will be used for infrastructure works prior to processing plant construction. This will include construction of the Yangibana mine site access road, acquisition and commissioning of an accommodation camp and preliminary engineering design work on the production plant.
For further information please contact:
Mr Charles Lew – Executive Chairman - +65 62209220
Mr Aris Stamoulis – Corporate Finance Director +61 455 105607
Address Level 5, 50 Clarence St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230
Telephone 02 9078 7674 Fax 02 9078 7661 Email [email protected] Website www.hastingstechmetals.com ABN 43 122 911 399