AI assistant
SUPERIOR RESOURCES LIMITED — Capital/Financing Update 2015
May 31, 2015
65848_rns_2015-05-31_b89bfee3-f808-4582-b46c-211141f2acaf.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 RELEASE 1 June 2015
Superior completes fully subscribed Capital Raising
Highlights:
Successful placement to sophisticated investors to fund Tick Hill Gold Project tailings assessment program.
Superior Resources Limited ( ASX Code: SPQ ) ( Superior or the Company ) is pleased to announce that it has completed a capital raising campaign to place new shares to sophisticated investors under the Company’s available 15% placement capacity.
The Company confirms that it has received applications and uncleared funds totaling $249,000 for the issue of 3,112,500 new fully paid ordinary shares at $0.008 (0.8 cents) per share.
As all of the new shares are will be placed within the Company’s available 15% placement capacity under ASX Listing Rule 7.1, shareholder approval will not be required. A further announcement will be made when the shares have been issued.
The proceeds from the placement will be used to fund the tailings and surface gold assessment program at the Tick Hill Gold Project and to provide working capital. The Company announced on 27 May 2015, the planned commencement of a tailings pond drilling program during late June 2015.
==> picture [84 x 68] intentionally omitted <==
Peter Hwang Managing Director
Contact: Mr Carlos Fernicola (07 3831 3922) Mr Peter Hwang (07 3839 5099) Further Information: www.superiorresources.com.au [email protected]
ASX Release – 27 May 2015 - Page 1 of 1