Queensland Pacific Metals was seeking $30 million in a share placement for its Townsville project.
The single-tranche placement was priced at 16¢ a share, an 8.6 per cent discount to the last close, according to terms sent to potential investors.
It planned to spend the bulk of the funds raised on completing the definitive feasibility study ($15.1 million), working capital and other similar costs ($13.4 million), detailed engineering ($12 million), and capex and opex for test work ($7.5 million).
It has binding offtake agreements with POSCO for cobalt and with LG for cobalt and nickel.
The Townsville DFS is due mid-2022, with the company expecting production to start in 2024.
Foster Stockbroking and Petra Capital were appointed the joint lead managers.
Bids were due 4pm Monday.
https://www.copyright link/street-talk/queensland-pacific-metals-in-30m-placement-20211213-p59h1m
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Last
4.5¢ |
Change
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Mkt cap ! $113.4M |
Open | High | Low | Value | Volume |
4.6¢ | 4.6¢ | 4.5¢ | $146.1K | 3.190M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 199999 | 4.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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4.6¢ | 284083 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 199999 | 0.045 |
5 | 1978624 | 0.044 |
4 | 2246511 | 0.043 |
2 | 254233 | 0.042 |
5 | 425317 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.046 | 284083 | 1 |
0.047 | 6000 | 1 |
0.048 | 150000 | 2 |
0.049 | 718790 | 5 |
0.050 | 685266 | 8 |
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