AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

SCORPION MINERALS LIMITED Capital/Financing Update 2020

Jun 9, 2020

65755_rns_2020-06-09_e55b0ba7-2aa6-4b22-8b7c-b7ab413bc3a6.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

ASX ANNOUNCEMENT

10 June 2020

==> picture [148 x 842] intentionally omitted <==

PLACEMENT

HIGHLIGHTS

• Placement raises an additional $137,400

Scorpion Mineral Ltd ( ASX:SCN ) ( “Scorpion” or “Company” ) is pleased to advise the Company has received commitments for $137,400 (no costs) at $0.015 cents per share in a placement comprising 9,160,001 Fully Paid Ordinary Shares (“ FPO ”) to sophisticated and professional investors. These placement shares are expected to be issued by Friday 12[th] June 2020 and will be placed under the Company’s existing capacity under ASX Listing Rule 7.1.

The share placement was well supported by new and existing investors and the funds will be used to accelerate and complete exploration and for ongoing working capital requirements.

The board of directors of Scorpion has authorised this announcement to be given to the ASX

Enquires