Venturex eyes A$3m SPP
13th November 2018
By: Esmarie Iannucci
Creamer Media Senior Deputy Editor: Australasia
PERTH (miningweekly.com) – Metals developer Venturex Resources is hoping to raise A$3-million through a share purchase plan (SPP), priced at 18c a share.
Under the SPP, shareholders will be entitled to subscribe for up to A$15 000 worth of new shares, with the new shares to be ranked equally with existing Venturex shares.
The ASX-listed junior said on Tuesday that the funds raised will be used to finance early works and secure long-lead items for the Sulphur Springs copper/zinc project, in the Pilbara, and to finalise project financing.
An October definitive feasibility study estimated that the enlarged Sulphur Springs project would require a capital investment of A$169-million to develop a 1.25-million-tonne-a-year operation, producing 65 000 t/y of 25% copper concentrate, and 75 000 t/y of 50% zinc concentrate.
Over the 10.3-year mine life, the project would deliver 146 000 t of copper and 348 000 t of zinc.
- Forums
- ASX - By Stock
- News: VXR Venturex Resources Announces Plans To Raise Up To $3 Mln
Venturex eyes A$3m SPP 13th November 2018 By: Esmarie Iannucci...
-
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DVP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.20 |
Change
-0.050(2.22%) |
Mkt cap ! $536.9M |
Open | High | Low | Value | Volume |
$2.22 | $2.27 | $2.16 | $819.6K | 370.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2760 | $2.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.21 | 10574 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2760 | 2.190 |
1 | 2760 | 2.180 |
1 | 2760 | 2.170 |
1 | 8000 | 2.160 |
2 | 11318 | 2.150 |
Price($) | Vol. | No. |
---|---|---|
2.210 | 10574 | 2 |
2.220 | 2760 | 1 |
2.230 | 11760 | 2 |
2.240 | 10873 | 2 |
2.250 | 18417 | 2 |
Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
Featured News
DVP (ASX) Chart |