Ann: Part Underwriting of Options, page-5

First 5 Last

Share
Profile

Follow
Kooyong04

667 Posts.

30/12/16

14:30

Post #: 21610880
Share

Originally posted by CheyneD ↑

Wow, pleasantly surprised.

PART UNDERWRITING AGREEMENT TO RAISE $2 MILLION

Marindi Metals Ltd (ASX: MZN) is pleased to advise that it has entered into an options underwriting agreement with Argonaut Capital Limited relating to the Company’s 2.0 cent options expiring on 31 December 2016

Argonaut will underwrite the exercise of any shortfall up to a maximum of 100 million 2.0 cent options, raising up to $2 million before costs.

As at 29 December 2016, there were 205,533,272 outstanding options.

Managing Director Joe Treacy said: “This agreement represents a strong vote of confidence in Marindi’s prospects, and ensures we are well funded to continue our high potential exploration and corporate objectives.”

Joe Treacy
Managing Director and CEO

Investor Inquiries

Marindi Metals Limited 08 9322 2338

Media Inquiries

Empeiros Advisory
John Phaceas
0411 449 621 [email protected]

Cheyne

Expand

Well done Joe and team.

If you ever needed a firm reason to either hold, accumulate or perhaps to now invest in MZN for the first time, this may well be the impetus.

This says to me they have a lot of confidence in what's occurring and how 'things' are shaping up and a great start to 2017.

MZN Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

Reply

Top Stories

Trump chides Powell as Goldman call for calm. The RBA must be nervous

CCO

The Calmer Co FY25 revenue hits $8 million, up 86% on FY24

Thursday's HotCopper trends: Vault Q4 miss, Peak raise | July 3

SFM

Why is Santa Fe Minerals up 370% on Thursday?

RML

Resolution looks to 'strong historical data' as Horse Heaven search begins

ASX Market Open: Oz shares dip back (very slightly) after Wed's record close | July 3

GLF

Gemlife used the ASX's new IPO fast-track. Is this the start of a new cycle?

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

ASX Market Close: Local bourse dips red as CBA profit takers swoop

CBA

CBA down as BHP goes up – what's going on, and, will CBA stocks correct?

First 5 Last

Add to My Watchlist

What is My Watchlist?

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.

Ann: Part Underwriting of Options, page-5

Top Stories

Trump chides Powell as Goldman call for calm. The RBA must be nervous

The Calmer Co FY25 revenue hits $8 million, up 86% on FY24

Thursday's HotCopper trends: Vault Q4 miss, Peak raise | July 3

Why is Santa Fe Minerals up 370% on Thursday?

Resolution looks to 'strong historical data' as Horse Heaven search begins

ASX Market Open: Oz shares dip back (very slightly) after Wed's record close | July 3

Gemlife used the ASX's new IPO fast-track. Is this the start of a new cycle?

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

ASX Market Close: Local bourse dips red as CBA profit takers swoop

CBA down as BHP goes up – what's going on, and, will CBA stocks correct?

Featured News