Below is what ADN posted on Linkedin 5 days ago. After speaking to Patrick yesterday, I believe the new DFS and Debt Funding is due not next week, but the week after and on track as per previous company disclosures ie mid August. The interesting thing is why ADN posted this below when ADN is going to Asia straight after DFS and Debt Funding announcements to talk to cornerstone investors. Is this a coincidence that they posted this on Linkedin. I think NOT!!!!!!!!!!!!!!!!!!! and they posted about a kaolin company getting a placement done at a 26% premium. I am not selling a solitary share DYOR.
WA Kaolin and Stanco International Corp. expand existing offtake agreement and execute A$7.7m equity investment at substantial price premium Highlights Existing offtake agreement with WA Kaolin’s major offtake partner, Stanco International Corp. (“Stanco”, expanded to target additional markets in the Asia-Pacific region Stanco to increase its WAK equity position to 15% via undertaking a A$7.7m placement at a 26% premium to the last closing price and a 23.5% premium to the 10-day VWAP Stanco has been in operation for 38 years and is a leading raw materials distribution company in the Asia Pacific region
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RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
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