AUL 0.00% 28.5¢ austar gold limited

exergen flyer - announcement

  1. 2,403 Posts.
    Credit to BR for this one!!!!


    Exergen Capital Raising Flyer

    Mantle Mining Corporation Limited (ASX: MNM) “Mantle”, is pleased to provide an update on Exergen Pty Ltd’s capital raising process to support development of their Pre-Commercial Demonstration Plant (PCDP).

    Highlights:

    Mantle holds a 50% interest in the Bacchus Marsh Brown Coal Upgrade and Export Joint Venture (JVA) with Exergen, who holds the other 50%.

    Exergen has developed a highly efficient coal dewatering process that upgrades Low Rank Coal (LRC) into higher value thermal coal in an environmentally friendly process.
    The process, called Continuous Hydrothermal De-watering (CHTD), has been proven and independently verified at pilot plant scale.

    Under the terms of the JVA, Exergen is wholly responsible for the development of a +$50 million PCDP intended to confirm the viability of CHTD at commercial scale.

    To that end, Exergen have engaged RFC Ambrian as lead managers in a $100 million capital raising, with the proposed uses of funds for:

    ? The CHTD Pre-Commercial Demonstration Plant,
    ? Resource and Project Investment, and
    ? Further Research and Development.

    To that end then, an Exergen Investment Opportunity Flyer has been developed and can be accessed at RFC Ambrian’s website at rfcambrian.com. The 2 page flyer contains information on:

    ? Exergen, its Board, Management and Cornerstone Investors,
    ? CHTD, the PCDP and Exergen’s access to LRC resources, and
    ? Proposed Use of Funds and Key Milestones,
 
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