Tawana Resources NL (ASX:TAW) (Tawana) is pleased to announce a merger of equals with Alliance Mineral Assets Limited (SGX:40F) (Alliance) proposed to be implemented by way of a Tawana scheme of arrangement under the Corporations Act 2001 (Cth) (Merger) whereby, subject to all necessary approvals, Tawana Shareholders and Alliance Shareholders will hold, in aggregate, approximately 50% of the combined Alliance / Tawana group (Merged Group).
Tawana is also pleased to announce that it is today conducting a fully underwritten placement to sophisticated and institutional investors to raise gross proceeds of A$20 million (Tawana Underwritten Placement) (including a placement of A$7.8 million to Weier Antriebe und Energietechnik Gmbh (Weier), an existing substantial shareholder of Tawana). Tawana also reserves the right to place up to a further A$5 million in gross proceeds to sophisticated and institutional investors (Tawana Conditional Placement) (collectively, Tawana Placements). The Tawana Conditional Placement is nonunderwritten and conditional on completion of the Alliance Conditional Placement
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- Ann: Tawana & Alliance to Merge and Capital Raising & SIA
Tawana Resources NL (ASX:TAW) (Tawana) is pleased to announce a...
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