Investors were told existing major investors including Tasmanian billionaire Dale Elphinstone, Excel Coal co-founder Chris Ellis and European family office DACHS supported the raise. Elphinstone, Ellis and Richard Chadwick had committed to take up $18 million of which $3 million was debt conversion. DACHS would take up $2.9 million.
Canaccord Genuity and Ord Minnett were calling for bids by 3pm on Friday. Group 6 Metals was expected to have a $139.1 million market capitalisation after the raise.
G6M - Charts, Chat & News, page-208
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