DRX diatreme resources limited
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June 27 (Reuters) - Diatreme Resources (DRX) : TO RAISE UP TO...

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    27/06/22
    11:30
    Post #: 62223166

    June 27 (Reuters) - Diatreme Resources (DRX) :

    • TO RAISE UP TO CIRCA A$52 MILLION
    • PLACEMENT VIA PLACING NEW FULLY PAID ORDINARY SHARES AND TWO-TRANCHE ASSET JOINT VENTURE
    • SIBELCO BECOME SIGNIFICANT SHAREHOLDER IN DIATREME VIA A$13.97 MILLION STRATEGIC PLACEMENT
    • SIBELCO'S PLACEMENT OF 559.5 MILLION NEW ORDINARY SHARES AT COMBINED ISSUE PRICE OF A$0.025 PER SHARE
    • ALSO AGREED BINDING TERMS OF PLACEMENT TO ILWELLA PTY OF 132.1 MILLION NEW ORDINARY SHARES AT A$0.025 PER SHARE
    • SIBELCO & CO AGREED JV TO DEVELOP GALALAR SILICA PROJECT & NORTHERN RESOURCE PROJECT, WITH SIBELCO'S INVESTMENT OF A$35 MILLION
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