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HAZER GROUP LIMITED — Capital/Financing Update 2017
Apr 26, 2017
65086_rns_2017-04-26_6e9c4810-cc95-4776-87ee-2543d401670b.pdf
Capital/Financing Update
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Hazer Group Ltd Suite 7, 29 The Avenue, Nedlands, WA 6009 PO Box 1458, West Perth WA 6872
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SHARE PURCHASE PLAN RAISES $2.13M
PERTH, 27[th] APRIL 2017: Hazer Group Limited (ASX: HZR, HZRO) (“Hazer” or “the Company”) is pleased to announce that the Share Purchase Plan (“Plan”), which closed on Thursday 20[th] April 2017, has successfully raised $2,133,860 having received valid applications for 3,556,434 shares. Under the Plan, eligible shareholders could apply for up to $15,000 of shares at $0.60 each.
The Company thanks all shareholders who participated in the Plan for their continued support of the Company.
Combined with a $5.0m strategic placement in March 2017 to existing shareholder Mineral Resources Limited (ASX:MIN), the Company has successfully raised to a total of $7.13m in new capital.
Funds raised will be used for research and development activities in relation to the ongoing commercialisation of the Hazer Process, for working capital and costs of the offer. The new capital will enable Hazer to expand the capability of the recently constructed Pre Pilot Plant and commence planning for further scale up of the Hazer Process.
| Remaining dates for the Plan are as follows: | |
|---|---|
| Allotment and Issue of Shares under the Plan | 28 April 2017 |
| Application to ASX for official quotation of Shares issued under the Plan |
28 April 2017 |
| Dispatch of holding statements | 28 April 2017 |
Emma Waldon
Company Secretary
[ENDS]
WWW.HAZERGROUP.COM.AU
ABOUT HAZER GROUP LTD
Hazer Group Limited (“Hazer” or “The Company”) is an ASX-listed technology development company undertaking the commercialisation of the Hazer Process, a low-emission hydrogen and graphite production process. The Hazer Process enables the effective conversion of natural gas and similar feedstocks, into hydrogen and high quality graphite, using iron ore as a process catalyst.
For further information, investor or media enquires, please contact:
Michael Wills – Hazer Group
Email: [email protected]
Hazer Group Limited - Social Media Policy
Hazer Group Limited is committed to communicating with the investment community through all available channels. Whilst ASX remains the prime channel for market sensitive news, investors and other interested parties are encouraged to follow Hazer on Twitter (@hazergroupltd), LinkedIn, Google+ and Youtube.
WWW.HAZERGROUP.COM.AU