AI assistant
METEORIC RESOURCES NL — Capital/Financing Update 2024
Oct 30, 2024
65311_rns_2024-10-30_db04cf81-a8f5-4f93-a93e-9ff204885158.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
31 October 2024
ASX Announcement
ASX:WIN
Settlement of $3.6m Placement
WIN Metals Ltd (ASX: WIN ) (“ WIN Metals ” or the “ Company ”) is pleased to advise of settlement of the $3.6 million Placement previously announced on 9 September 2024.
Settlement followed receipt of shareholder approval for the issue of the placement shares and options given at the General Meeting of shareholders held on 21 October 2024.
A total of 144,000,000 new fully paid ordinary shares have been issued at $0.025 per share along with 71,999,989 unlisted options. The options have an exercise price of $0.044 per share and an expiry date of 30 April 2026. An additional 12,960,000 options, on the same terms, have been issued to the Joint Lead Managers to the Placement.
Update on activities at the Butchers Creek Gold Project
The Company’s first drill campaign at the Butchers Creek Gold Project is rapidly nearing completion, some 6,750m of RC drilling has successfully been completed with an additional 800m of diamond drilling scheduled as a bonus, thanks to short-notice rig availability in the area.
WIN Metals and Meteoric Resources Ltd (“ Meteoric ”) (ASX: MEI ) are in the process of satisfying the final conditions precedent necessary to close the Butchers Creek transaction[1] which will see Meteoric join WIN’s share register and the project sitting with a new motivated owner in what can only be described as an unprecedented gold price environment.
WIN Metals Managing Director and CEO, Mr Steve Norregaard, commented:
"WIN thanks our existing and new shareholders for their support of both the Company and the proposed acqusition of the Butchers Creek Project.
“Having hit the ground running the drill program is successfully nearing completion beating the wet season, meaning a raft of information will be forthcoming over the next few months providing news flow, and for our exploration team valuable learnings from which we will expand and increase the value of this very unique untapped project in 2025.
“I look forward to updating the market with results in the near future.”
The following ASX announcements are referenced for this release:
| Announcement Date | Announcement Date | Announcement Title | Announcement Title | Announcement Title | Announcement Title |
|---|---|---|---|---|---|
| 28-Aug-24 | WIN to Acquire High-Grade Gold Project | ||||
| 9-S | ep-24 | WIN Completes Stron | gly Supported A$3.6 Million Pl | acement | |
| 21- | Oct-24 | Results of General Me | eting | ||
1 ASX Announcement dated 28 August 2024 – WIN to Acquire High-Grade Gold Project
1
PO BOX 7713 Cloisters Square WA 6850
[email protected] www.winmetals.com.au
ABN 77 648 687 094 Level 4, 220 St Georges Tce Perth, WA 6000
T: +61 8 6381 7250 F: +61 8 6381 7299
ASX:WIN
Settlement of $3.6m Placement 31 October 2024
==> picture [92 x 46] intentionally omitted <==
Approved by: The Board of Directors
-ENDS-
For further details please contact: Steve Norregaard Media Enquiries Managing Director Fiona Marshall WIN Metals White Noise Communications [email protected] [email protected] 0472 621 529 0400 512 109
2
PO BOX 7713 Cloisters Square WA 6850
[email protected] www.winmetals.com.au ASX:WIN
ABN 77 648 687 094 Level 4, 220 St Georges Tce Perth, WA 6000
T: +61 8 6381 7250 F: +61 8 6381 7299