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ROKEBY RESOURCES LIMITED — Capital/Financing Update 2017
Nov 20, 2017
65707_rns_2017-11-20_d18b66d7-e38c-4f85-90e9-7bae61a91b8a.pdf
Capital/Financing Update
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21 November 2017
INCA SHARE PLACEMENT
Inca Minerals Limited ( Inca or Company ) has entered into binding arrangements to place 30,247,705 fully paid ordinary shares, at an issue price of 0.86 cents per share (net of raising costs) ( Placement ).
The Placement is to be made to Acuity Capital and, subject to receipt of application monies, will raise a total of $260,000 (net of raising costs). The additional capital may be used to fund working capital, exploration at the Company’s Zinc-Silver-Lead Cerro Rayas project, or further drilling and exploration at the Company’s Zinc-Silver-Lead Riqueza project.
“It’s pleasing to have raised capital at a such strong premium to the current market price” says Inca’s Managing Director, Mr Ross Brown. “With exploration at Cerro Rayas in its infancy and exploration at greater Riqueza about to enter Phase 2 of drilling, we have a busy campaign of exploration planned for both projects. In conjunction with our current rights issue, this additional capital is well timed and indicative of the continued support from one of our top 20 shareholders”.
Subject to receipt of all application monies, the Placement will be completed using Inca’s 15% share placement capacity pursuant to ASX Listing Rule 7.1.
Justin Walawski Director & Company Secretary
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Suite 1/16 Nicholson Road, Subiaco, WA 6008 • PO BOX 38, West Perth, WA 6872 Telephone: +61 (08) 6145 0300 • ABN: 36 128 512 907 Website: www.incaminerals.com.au