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PRODIGY GOLD NL — Capital/Financing Update 2018
Mar 14, 2018
65615_rns_2018-03-14_2415af23-9a0a-4e78-b98b-afc9748ce16f.pdf
Capital/Financing Update
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ASX Release / 15 March 2018
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St Barbara invests in ABM Resources NL
St Barbara Limited (ASX:SBM) has subscribed for approximately 44 million ordinary shares of ABM Resources NL (ASX:ABU, www.abmresources.com.au) through a share placement at a price of 10 cents per share. The $4.4 million investment by St Barbara represents a shareholding of 10% in ABM.
ABM holds a large tenement package in the proven multi-million ounce Tanami Gold district in the Northern Territory, and the investment by St Barbara will provide ABM with additional funding to accelerate targeted exploration activities across its tenement package.
St Barbara’s investment in ABM is aligned with its strategy of targeted investments in early to advanced stage exploration through earn-in arrangements, joint ventures or direct equity investments. This strategy includes St Barbara’s existing investment in Australian explorers Catalyst Metals Limited (ASX:CYL) and Peel Mining Limited (ASX:PEX).
Mr Rowan Cole Company Secretary +61 3 8660 1900 Mr Tim Duncan Hinton & Associates +61 3 9600 1979
Level 10, 432 St Kilda Road, Melbourne VIC 3004 Locked Bag 9, Collins Street East, Melbourne VIC 8003
T +61 3 8660 1900 F +61 3 8660 1999 W www.stbarbara.com.au
Investor Relations Media Relations St Barbara Limited ACN 009 165 066