Dear Sir,
Ironbark Zinc Limited (ASX: IBG) (“Ironbark” or “the Company”, is pleased to announce it has completed a bookbuild for a placement to institutional and sophisticated professional investors to raise up to $2 million at an issue price of $0.028 per share (“Placement”
.
The Placement will include the issue of 71,428,571 new shares, pursuant to the Company’s capacity under ASX Listing Rules 7.1. The Company has requested the ASX lift a voluntary suspension following the release of the Annual General Meeting results and this announcement. Settlement of the Placement is scheduled to occur on Wednesday, 28 November 2018.
Commenting on the placement, Managing Director Jonathan Downes stated: “We are delighted with the support received for the Placement and welcome a number of new institutional and sophisticated investors to the register who share in our belief in the 100% owned world class Citronen Zinc Project.
The project represents one of the largest global zinc resources and remains open to further mineralisation in almost every direction. The project is permitted for production and supported by a Feasibility Study and we are making solid progress as the Company progresses towards financing. The development of Citronen coincides with critically low levels of zinc stocks available for purchase in warehouses and a strong zinc price.”
The funds raised pursuant to the Placement will be used primarily to fund the Citronen Project to advance the financing and development and for general working capital.
Australian financial services firms Patersons Securities Limited and Petra Capital Pty Ltd acted as Joint Lead Managers to the Placement.
Once again undervalued showing no confidence in the project.
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Dear Sir, Ironbark Zinc Limited (ASX: IBG) (“Ironbark” or “the...
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.231M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $2.5K | 1M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 29147033 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 2799186 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 27346543 | 0.002 |
11 | 11400488 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 2799186 | 4 |
0.004 | 33481459 | 19 |
0.005 | 2500000 | 4 |
0.006 | 5000000 | 3 |
0.007 | 715300 | 3 |
Last trade - 15.24pm 23/08/2024 (20 minute delay) ? |
IBG (ASX) Chart |
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
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