Australian Strategic Materials Ltd achieves key milestones toward mine to metal vision proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
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Australian Strategic Materials hits new high on US$250 million framework agreement with South Korean consortium for 20% of Dubbo Project
This agreement creates a financing pathway for ASM to develop the Dubbo Project and execute its mine to metal strategy. At the signing ceremony, from left, Australian Ambassador to the Republic of Korea Catherine Raper, ACE Equity Partners CEO David Ko, Cerritos Holdings CEO PS Ra, Kamur Partners CEO Jerry Kwak, ASM chair Ian Gandel, Australian Minister for Trade, Tourism and Investment Dan Tehan and ASM managing director David Woodall.
Australian Strategic Materials Ltd (ASX:ASM) (OTCMKTS:ASMMF) has hit a new high after entering a conditional exclusive framework agreement with a consortium of South Korean investors to subscribe for a 20% equity interest in the Dubbo Project along with offtake from the company s Korean Metals Plant.
Australian Strategic Materials directors show confidence in metals technology strategy by entitlement offer participation
The company has completed a pro-rata non-renounceable entitlement offer for proceeds of almost $27 million in addition to a recent $65 million placement. Funds will be used to advance the Korean Metals Plant as well as the Dubbo Project
Australian Strategic Materials Ltd (ASX:ASM) directors have demonstrated their confidence in the company’s rare earth metals technology strategy by participating in a one for 14 pro-rata non-renounceable entitlement offer.
This entitlement offer raised more than $26.9 million and took the company s capital raising to almost $92 million after a placement to institutional and sophisticated investors brought in $65 million.
Australian Strategic Materials builds on strong momentum with $92 million capital raising
The company has completed a pro-rata non-renounceable entitlement offer for proceeds of almost $27 million in addition to a $65 million placement. Funds will be used to advance the Korean Metals Plant as well as the Dubbo Project
Australian Strategic Materials Ltd (ASX:ASM) has taken its capital raising proceeds to almost $92 million after completing a pro-rata non-renounceable entitlement offer for proceeds of $26,919,096.
The company received applications from eligible shareholders for 5,608,145 new shares at A$4.80 per share, representing an approximate 65.23% take-up of the offer.
It follows a placement to institutional and sophisticated investors that was completed on April 6, 2021, raising $65 million.
Australian Strategic Materials Ltd in trading halt with material capital raising announcement pending proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.