Details of placement... $4.25 mill in bank... no debt.
PLACEMENT COMPLETED Hannans Reward Ltd (ASX: HNR) has completed a placement that raised $1.28 million via the issue of 4,294,668 shares at 30 cents per share to sophisticated investors. After providing for capital raising costs, Hannans Reward Ltd has approximately $4.25 million cash in the bank. The funds will be used for future exploration expenses at Forrestania (nickel and gold), Jigalong (iron and base metals), Queen Victoria Rocks (nickel and gold), Maggie Hays South (nickel) and working capital. The Company now has the following capital structure: Shares Fully paid ordinary shares: 84,528,597
HNR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
