re: Ann: Presentation - Mining 2010 Resources... Share Placement to raise $3.55 million to institutional
investors to fund Bass Metals growth projects.
The placement is for 14.2 million shares at an issue price of 25 cents per share, a 13% discount to the 10 day volume weighted average closing price prior to the trading halt. The Placement was completed under the Companys available 15% placement capacity to professional and sophisticated investors. The shares will be allotted and issued following
receipt of cleared funds by the Company.
Bass commences $1.7M gold processing feasibility study.
Polymetallic producer, Bass Metals Ltd (ASX:BSM) (Bass or the Company) is pleased to announce it has commenced a $1.7 million definitive feasibility study (DFS) on further gold production, with the potential to add significantly to its Hellyer revenues following-on from its recent positive gold recovery scoping study results. The Company is targeting production of 110,000 ounces of gold equivalent (based on a 1:70 gold silver ratio) production per year with
a conservative base case position of 40,000 ounces of gold equivalent per annum.
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re: Ann: Presentation - Mining 2010 Resources... Share Placement...
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Last
5.1¢ |
Change
0.001(2.00%) |
Mkt cap ! $10.04M |
Open | High | Low | Value | Volume |
5.0¢ | 5.1¢ | 5.0¢ | $2.096K | 41.20K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 90091 | 5.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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5.3¢ | 4579 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 90091 | 0.051 |
1 | 193407 | 0.050 |
1 | 50000 | 0.044 |
1 | 50000 | 0.042 |
1 | 100000 | 0.040 |
Price($) | Vol. | No. |
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0.053 | 4579 | 1 |
0.054 | 130000 | 1 |
0.060 | 50046 | 2 |
0.074 | 17071 | 1 |
0.092 | 3003 | 1 |
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