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PARABELLUM RESOURCES LIMITED — Capital/Financing Update 2021
Nov 28, 2021
65530_rns_2021-11-28_fab46e6c-bfdc-4804-a6ce-d85ee630ac12.pdf
Capital/Financing Update
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29 November 2021
ASX ANNOUNCEMENT
Parabellum Completes Successful A$6.0M IPO to Advance Copper and Gold Projects in New South Wales
HIGHLIGHTS
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Parabellum Resources Limited successfully listed on the ASX on 29[th] November 2021
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Oversubscribed IPO completed, raising A$6.0 million at $0.20 per share with 30 million issued shares
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Parabellum is now well funded to execute its comprehensive copper and gold exploration strategy with projects located in New South Wales
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The Company has completed a number of fieldwork programs ahead of the listing and looks forward to the Airborne Electromagnetic program early in 2022
Parabellum Resources Limited ( ASX:PBL ) (‘ Parabellum’ , or ‘the Company’ ), will commence trading on the ASX at 2.00pm (AEDT) following the completion of its A$6.0 million Initial Public Offering (“IPO”). At the offer price, the Company will have a market capitalisation of ~$8.5 million.
With the support of CPS Capital, as Lead Manager, the $6.0 million raising closed oversubscribed with significant support from some Australian family offices and the investment community.
Parabellum Resources Non-Executive Chairman, Mark Hohnen, commented:
“The Company’s listing on the ASX today is a significant milestone for the board, management team and its investors. We are very pleased to announce that the IPO received strong support and ended oversubscribed.
Parabellum has four exciting greenfield projects which are highly prospective for copper and/or gold, with several targets already identified for follow-up exploration.
The Company believes that the lack of significant modern exploration on the Company’s projects in a historically under-explored area within the highly prospective Lachlan Fold Belt presents a unique strategic opportunity to discover new copper/gold deposits.
Parabellum Resources Limited
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The potential of the Company’s projects to host for massive copper sulphide mineralisation is considered to have been poorly tested and this will be the focus of the Company's work.
The Company has recently completed initial surface sampling programs over Obley, Recovery and Redlands/Whitbarrow, and we look forward to providing those results next month, and an update on the Company’s exploration program over the coming weeks.”
This announcement has been approved and authorised by the Board of Parabellum Resources Limited.
ENDS .
For further information please contact:
Peter Ruse Non-Executive Director
Evy Litopoulos, ResolveIR (Investor Relations) E : [email protected]
Parabellum Resources Limited
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