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REDIVIUM LIMITED — Capital/Financing Update 2016
May 22, 2016
65703_rns_2016-05-22_17b9b708-b57c-41e4-b6b0-dbe639376515.pdf
Capital/Financing Update
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23 May 2016
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ASX & MEDIA ANNOUNCEMENT
Placement and SPP Raises $1.43M
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Placement to sophisticated investors and underwritten Share Purchase Plan raises $1.43M
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Capital raising satisfies precondition to strategic collaboration with lithium mining company
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Funds raised will be allocated to exploration for lithium, gold and nickel
Hannans Ltd (ASX:HNR) is pleased to advise that it is has closed both the placement to sophisticated investors[1] and the Share Purchase Plan (SPP)[2] with total funds raised amounting to $1.43M.
Importantly, this successful capital raising satisfies one of the main preconditions to completion of the previously announced strategic collaboration with Neometals Ltd (ASX:NMT).[3]
The SPP issue price was 1.2 cents. Hannans received applications from eligible shareholders for $888,000 worth of SPP shares and a further $212,000 worth of SPP shares was placed with the underwriters.
The Company will apply for quotation of the shares to be traded on the ASX by Wednesday, 25 May 2016 with holding statements to be posted out on Thursday, 26 May 2016 .
For further information, please contact:
Damian Hicks Mindy Ku Managing Director Finance & Compliance Manager +61 419 9300 087 (M) (08) 9324 3388 (T) [email protected] (E) [email protected] (E)
About Hannans Ltd
Hannans Ltd (ASX:HNR) is an exploration company with a focus on lithium, copper, gold, nickel and iron. Hannans has JORC compliant copper, gold and iron resources in Sweden. Since listing on the Australian Securities Exchange in 2003 Hannans has signed agreements with Vale Inco, Rio Tinto, Anglo American, Boliden, Warwick Resources, Cullen Resources, Azure Minerals, Neometals, Tasman Metals, Grängesberg Iron AB and Lovisagruvan AB. Shareholders at various times since listing have included Rio Tinto, Anglo American, OM Holdings, Craton Capital and BlackRock. For more information, please visit www.hannansreward.com.
1 Refer ASX release dated 11 April 2016
2 Refer ASX release dated 14 April 2016
3 Refer ASX release dated 4 March 2016
HANNANS LIMITED ASX: HNR ABN: 52 099 862 129