HIGHLIGHTS:
• $1,250,000 raised through an oversubscribed share placement to key sophisticated and institutional investors in Australia and internationally.
• Ardiden’s Chinese strategic partner, Yantai, is participating in the Placement, along with the entire Ardiden Limited Board.
• Funds will assist Ardiden to continue the rapid development the Seymour Lake Lithium Project with further resource expansion drilling and exploration programs.
Diversified minerals explorer and developer Ardiden Limited (ASX: ADV) is pleased to advise that it has completed a A$1.25 million share placement to sophisticated and institutional investors in Australia and internationally (the “Placement”) to fund ongoing resource drilling and exploration programs at its flagship Seymour Lake Lithium Project in Ontario Canada. The Placement, comprising just over 78 million shares at an issue price of A$0.016 per share, was strongly supported with significant oversubscriptions received. Ardiden was very pleased with the high level of investor demand for the Placement. The Placement will be issued under the Company’s existing LR7.1 15% capacity. Ardiden is also pleased to confirm that, subject to receiving future shareholder approval, the entire Ardiden Board of Directors have participated in the Placement. In addition, Ardiden’s Chinese strategic partner, Yantai Jinyuan Mining Machinery Co., Ltd (“Yantai”), also participated in the Placement, reflecting Yantai’s continuing support for the Company. Participants in the placement will also receive free attaching options, with 1 option to be issued for every 5 shares purchased. Ardiden will issue approximately 15.6M unlisted options in the placement. Each option will entitle the holder the right to acquire one fully-paid ordinary share in the Company at an exercise price of A$0.016 cents. The options are non-transferable and will expire 12 months from the issue date.
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Mkt cap ! $8.127M |
Open | High | Low | Value | Volume |
13.5¢ | 13.5¢ | 13.0¢ | $12.20K | 92.40K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 172430 | 12.5¢ |
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Price($) | Vol. | No. |
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13.0¢ | 990 | 1 |
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3 | 162500 | 0.120 |
1 | 42000 | 0.115 |
3 | 77270 | 0.110 |
2 | 90347 | 0.105 |
Price($) | Vol. | No. |
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0.130 | 990 | 1 |
0.135 | 126754 | 2 |
0.140 | 160740 | 7 |
0.145 | 65662 | 2 |
0.150 | 52174 | 2 |
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