Wuxi Baichuan Chemical Industrial Co Ltd Strategic Investment
Update – Investment Funds Remittance Advice Received
MetalsTech Limited (MTC or the Company) is pleased to provide the following update in respect of the
$1.8 million funding deal with leading chemicals producer Wuxi Baichuan Chemical Industry Co Ltd
(BCC).
The Company has confirmed remittance of the $1.8m transfer from BCC to the MTC bank account.
8,250,000 shares are expected to be allotted to BCC on or around 5 April 2018, pursuant to ASX Listing
Rule 7.1A.
750,000 shares are expected to be allotted to BCC on or around 6 April 2018 pursuant to ASX Listing
Rule 7.1 and 1,000,000 shares to be allotted on 6 April 2018 pursuant to ASX Listing Rule 7.1A.
An Appendix 3B and Initial Substantial Shareholder Notice will follow.
MTC Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)