AI assistant
PEEL MINING LIMITED — Capital/Financing Update 2022
Mar 2, 2022
65545_rns_2022-03-02_28ee233a-f0d6-4e9b-b60f-5914ef12797d.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [596 x 147] intentionally omitted <==
----- Start of picture text ----- PEX:ASXASX ANNOUNCEMENT 3 MARCH 2022----- End of picture text -----
$18.8M TRANCHE 1 OF EQUITY RAISING COMPLETED
Key board appointments provide significant expertise in project development and mining
Peel Mining Limited (ASX:PEX) (Peel or the Company) is pleased to announce that Tranche 1 of the recently announced capital raising has been strongly supported by incoming investors and existing shareholders. Peel welcomes all new shareholders to its register and is pleased that cornerstone investor Josh Pitt has demonstrated his confidence in the Company’s future direction by subscribing for $3.6million to maintain his ~19% interest. Tranche 2 of the Placement will be completed once shareholder approval is obtained in accordance with ASX Listing Rules requirements. The Share Purchase Plan Offer documents are anticipated to be dispatched later today.
Incoming Peel Chairman Mark Okeby commented:
“This significant capital raising and contemporaneous board changes constitute a step change for Peel. Jim Simpson the former Managing Director of Aurelia Metals Ltd (ASX:AMI) will now take the helm of the Company and Rob Tyson will move to Executive Director - Technical. I look forward to working with both Jim and Rob. Peel’s board and in particular founding directors Simon Hadfield and Rob Tyson deserve full credit for the extent they have advanced the Company during their leadership and I welcome their ongoing contribution in their new roles”.
For and on behalf of the Board.
Mark Okeby Chairman
For further information on Peel Mining Limited please contact:
Jim Simpson Alex Cowie Peel Mining Limited NWR Communications Managing Director Director [email protected] Ph: +61 (0)400 030 540 Ph: +61 (0)412 952 610
Peel Mining Limited P: (08) 9382 3955 E: [email protected] Unit 1, 34 Kings Park Road, West Perth WA 6005
ACN 119 343 734 PO Box 849, West Perth WA 6872 www.peelmining.com.au