1 ·The Company seeks to raise A.0 million by way of an institutional placement comprising the issue of approximately 646.2 million new fully paid ordinary shares in the Company at A
.065 per share. 2 ·The Company seeks to raise A$42.0 million by way of an institutional placement comprising the issue of approximately 646.2 million new fully paid ordinary shares in the Company at A$0.065 per share.
·The Placement will take place in a single tranche and falls within the Company’s available placement capacity under ASX Listing Rule 7.1 and Listing Rule 7.1A.
·The Placement is not underwritten.
·The Company also reserves the right to undertake a non-underwritten share purchase plan to raise circa A$5.0 million. VML may decide to accept applications (in whole or in part) that result in the SPP raising more or less than this amount, in its absolute discretion.
·This communication relates only to the Placement and does not relate to the SPP.
·The Placement will take place in a single tranche and falls within the Company’s available placement capacity under ASX Listing Rule 7.1 and Listing Rule 7.1A.
·The Placement is not underwritten.
·The Company also reserves the right to undertake a non-underwritten share purchase plan to raise circa A.0 million. VML may decide to accept applications (in whole or in part) that result in the SPP raising more or less than this amount, in its absolute discretion.
·This communication relates only to the Placement and does not relate to the SPP.
3 Proceeds will be used to fund the following:
- Commencement of mining operations at the Nechalacho Project;
- Construction of extraction plant;
- Processing of mined material;
- Drilling program at the Nechalacho Project to define a preliminary mine plan for its stage 2 production;
- Review historical drilling information and conduct further drilling, bulk sampling and testing at Wigu Hill; and
- General working capital.
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.47M |
Open | High | Low | Value | Volume |
0.4¢ | 0.5¢ | 0.4¢ | $5.774K | 1.262M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
48 | 17847226 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.5¢ | 13486379 | 42 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
48 | 17847226 | 0.004 |
46 | 37696135 | 0.003 |
12 | 29450125 | 0.002 |
9 | 73295201 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 13186379 | 41 |
0.006 | 10431323 | 35 |
0.007 | 11597722 | 15 |
0.008 | 14000000 | 5 |
0.009 | 4420049 | 9 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
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0.000 ( 0.00 %) |
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Open | High | Low | Volume | ||
0.5¢ | 0.5¢ | 0.5¢ | 100630 | ||
Last updated 15.27pm 06/05/2024 ? |
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