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UNION STAR METALS LTD — Capital/Financing Update 2014
May 27, 2014
65987_rns_2014-05-27_6ec34b2d-49fe-4806-8311-6a8fb4f2b811.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
SOUTH AMERICA’S EMERGING PRECIOUS AND BASE METAL EXPLORER
PROMESA COMPLETES CAPITAL RAISING TO FUND STAGE 2 DRILLING PROGRAM
Promesa Limited (“Promesa” or the “Company”) (ASX:PRA) is pleased to advise that it has undertaken a $1,100,000 capital raising via the issue of 50,000,000 fully paid ordinary shares. 30,000,000 Shares were placed at $0.027 per share and 20,000,000 Shares were placed at $0.019 per share (“Placement”).
28 May 2014
Suite 7/55 Hampden Road NEDLANDS WA 6009
The placement was made to sophisticated and professional investors.
Jett Capital Advisors Holdings LLC (“Jett”) has been engaged to manage the transaction and introduced the investor to the Company.
PO Box 994, SUBIACO WA 6904
Use of Proceeds
Phone: +61 8 9389 8884 Fax: +61 8 6389 0576
Proceeds from the Placement will be used primarily to fund the Company’s upcoming Stage 2 drilling program at the Alumbre Cu-Mo porphyry project in Peru.
ABN 36 124 541 466
ASX Code: PRA
www.promesa.com.au
Yours sincerely,
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Ananda Kathiravelu Executive Director
Contact
Ananda Kathiravelu
Executive Director Email: [email protected] Mbl: 0412 036 789
Michael Sebbag
Executive Technical Director Email: [email protected] Mbl: 0407 703 899
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