Purpose of Capital Raising and Use of Funds
The Company has been receiving increasing interest from potential strategic funding parties in its advanced Costa Fuego copper-gold development and its recently announced Water Supply Studies. This interest, in combination with a rising copper price environment, provides confidence to accelerate the Company's growth and development plans while preserving control of these assets.
Proceeds from the Placement will provide up to 18 months funding to be used for the completion of the Costa Fuego Pre-Feasibility Study, completion of the Water Supply Business Case Study, completion of the Costa Fuego Environmental Impact Assessment, ongoing exploration, drilling and consolidation activities, and for general working capital purposes.
The Placement aims to increase Hot Chili's trading liquidity on the TSXV and maintain the Company's strategic funding optionality, while ensuring Costa Fuego remains one of a limited number of globally significant copper developments, not owned by a major mining company, that could deliver meaningful new copper supply this decade.
Purpose of Capital Raising and Use of FundsThe Company has been...
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Last
$1.14 |
Change
-0.040(3.40%) |
Mkt cap ! $171.7M | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.20 | $1.14 | $288.5K | 246.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 132 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 1700 | 1 |
View Market Depth
| Last trade - 13.24pm 22/05/2024 (20 minute delay) ? |
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Last
$1.14 |
Change
-0.040 ( 3.56 %) |
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| Open | High | Low | Volume | ||
| $1.18 | $1.19 | $1.14 | 32116 | ||
| Last updated 13.35pm 22/05/2024 ? | |||||
| HCH (ASX) Chart |