PEX 7.69% 14.0¢ peel mining limited

Highlights: • Peel has successfully completed an oversubscribed...

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    Highlights:
    • Peel has successfully completed an oversubscribed placement to raise $3.6 million supported by a fully underwritten rights issue to raise a further $8.7 million
    • Placement strongly backed by institutional, sophisticated and strategic investors
    • St Barbara Ltd subscribing for $1.8 million in the placement will see their interest increase to 17.9%
    • Placement and underwritten rights issue will fully fund Peel to deliver maiden JORC Resource at Wagga Tank and advance Mallee Bull towards production
    • Peel to purchase 2% NSR royalty over Wagga Tank from MMG Limited to deliver 100% unencumbered ownership
 
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No. Vol. Price($)
1 50000 14.0¢
 

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14.5¢ 147483 2
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Last trade - 15.33pm 12/07/2024 (20 minute delay) ?
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