AI assistant
METEORIC RESOURCES NL — Capital/Financing Update 2017
Dec 18, 2017
65311_rns_2017-12-18_799dfbe5-179c-4aff-b695-9a9cbfc5888a.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
19 December 2017
==> picture [183 x 61] intentionally omitted <==
SHARE PURCHASE PLAN COMPLETED
Meteoric Resources NL (ASX: MEI, “Meteoric” or “the Company”), a Canadian focused CuNi-Co-PGE explorer, is pleased to advise that the Share Purchase Plan (“SPP”) closed more than 3.7 times oversubscribed.
The SPP, which raised $1.24 million before costs, provided registered shareholders as at 5pm WST on 27 November 2017 the opportunity to subscribe for up to $15,000 worth of shares at an offer price of 6.2¢ per share without having to pay brokerage or other transaction costs.
The SPP was strongly supported by shareholders with the Company receiving 399 applications totalling $4,605,000. The Company has scaled back all applications proportionally. The balance of funds following the scale back shall be returned to shareholders.
The Company, which following this SPP and the recent placement has approximately $5 million in cash, is greatly encouraged by the high level of support from its existing shareholder base and is highly optimistic in regards to its fully funded 2018 exploration campaign as detailed in the Announcement of 28 November 2017.
Contact
Graeme Clatworthy
Executive Director T +61 8 9485 2836 M 0418 902 341 E [email protected]
WWW.METEORIC.COM.AU • ASX: MEI •ABN 64 107 985 651