Tungsten developer Group 6 Metals will raise a A$30-million in a share placement and share purchase plan (SPP) to progress the construction and commissioning of the Dolphin tungsten project, in Tasmania.
The ASX-listed company on Monday said it had received binding commitments from professional, sophisticated and institutional investors for the placement of 156.9-million shares, priced at 14c each, to raise A$21.9-million under the company’s existing placement capacity.
Group 6 Metals appoints new CEO to lead Dolphin tungsten mine restart smallcaps.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smallcaps.com.au Daily Mail and Mail on Sunday newspapers.
Group 6 Metals (ASX: G6M) is gearing up to ship the first tungsten concentrate from its wholly-owned Dolphin project in the first quarter of next year.