Arrow Minerals (ASX:AMD) says it has received firm commitments to raise $2.695m via the issuing of 490,000,002 shares to sophisticated and institutional investors at 5.5c a share along with a 1-for-2 unlisted option, which can be exercised at a 50% premium to the issue price.Priced at an 8.3% discount to Arrow’s last traded price of 6c,
it will help progress the Simandou North project directly adjacent to the Winning Consortium’s Block 1 and 2 at the multi-billion tonne Simandou development in Guinea.
Buy ! Arrow Minerals shows Simandou iron ore
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Mkt cap ! $40.55M | |||
| Open | High | Low | Value | Volume |
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| 0.4¢ | 78369854 | 26 |
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| Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
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| Last updated 13.33pm 23/05/2024 ? | |||||
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