Twenty Seven Co closes rights issue oversubscribed and raises $2.7 million
Funds raised will be used to assess exploration and mining opportunities at the Mt Dimer mining lease following a recent successful exploration campaign. The rights issue attracted strong support from shareholders and new institutional and professional investors.
Twenty Seven Co Ltd (ASX:TSC) has closed its partially-underwritten renounceable rights issue strongly oversubscribed, raising around $2.7 million.
The rights issue received strong support from shareholders and new institutional and professional investors.
Following completion of the issue, the company is now well funded to advance its prospective suite of exploration assets.
TSC’s chief executive officer Simon Phillips: “We would like to thank our shareholders for the support they have shown during this Rights Issue, demonstrating their continued commitment to the company and enthusiasm for our future as we embark on this excit
Twenty Seven Co Ltd rights issue to raise up to $2 65 million for next level of work across portfolio
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Twenty Seven Co Ltd focused on creating value from portfolio of three projects in prime gold jurisdiction
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Author of the article: Elizabeth Chorney-Booth
Publishing date: Feb 13, 2021 • February 13, 2021 • 4 minute read • The family-run Curry Queens International Curry Kitchen, L-R, Safeer Rashid, Jeff Matthews, Clarisa J, Fariel Rashid, Melissa Viveros, Joel Matthews and Aly Punja in Calgary on Feb. 3, 2021. Darren Makowichuk/Postmedia Photo by Darren Makowichuk /DARREN MAKOWICHUK/Postmedia
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