AI assistant
SUPERIOR RESOURCES LIMITED — Capital/Financing Update 2014
Dec 22, 2014
65848_rns_2014-12-22_9291ddad-1dfd-4a28-82ef-c99075849e72.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [162 x 124] intentionally omitted <==
Superior Resources Limited
ABN 72 112 844 407
Registered Office: Level 2, 87 Wickham Terrace, Spring Hill, QUEENSLAND, 4000. Postal Address: PO Box 10288, Brisbane Adelaide Street, QUEENSLAND, 4000. Telephone: 07 3839 5099 Facsimile: 07 3832 5300 Email: [email protected]
ASX ANNOUNCEMENT 23 December 2014
Share Purchase Plan
The Directors of Superior Resources Limited ( ASX Code: SPQ ) ( Superior or the Company ) are pleased to announce that a Share Purchase Plan ( SPP ) announced on 10 November 2014, closed on 12 December 2014.
Applications were received for 30,592,000 new ordinary shares, which at an issue price of $0.01 per share, has raised $305,920. The new shares were allotted on 19 December 2014 and are immediately available for trading.
Funds raised under the SPP will be used for the following purposes:
-
Tick Hill Gold Project - commence an assessment program to determine the feasibility of processing old mine tailings. Data compilation and processing in preparation for an exploration program aimed at identifying a high grade extension to the deposit;
-
Victor Project – progress the project to discover the “Next Mt Isa” lead-zinc-copper deposit; and
-
to provide general working capital requirements of the Company including resources to identify and evaluate new project opportunities.
The Board thanks all shareholders who participated in the SPP and for their continuing support of the Company and its promising projects.
==> picture [84 x 67] intentionally omitted <==
Peter Hwang Managing Director
Contact: Mr Peter Hwang Ph: (07) 3839 5099 Further Information: www.superiorresources.com.au [email protected]
ASX Release – 23 December 2014 - Page 1 of 1