A$150m underwritten placement to accelerate development of the Clean TeQ Sunrise Project
Underwritten Institutional Placement (Placement) to raise a minimum of A$150m at A$1.15 per share
Proceeds to fund early works and long lead items to enable the accelerated development of the Clean TeQ Sunrise Project with the potential to fast track first production by approximately 12 months
Placement price represents a 6.1% discount to the last close price on the ASX of A$1.225 as at 7 March 2018
Non-Underwritten Share Purchase Plan (SPP) for eligible shareholders in Australia and New Zealand to apply for up to A$15,000 of fully paid ordinary shares at the same price as the Placement
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- Ann: $150m underwritten placement to accelerate Sunrise Project
Ann: $150m underwritten placement to accelerate Sunrise Project, page-2
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