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364 Posts.

02/08/18

08:40

Post #: 34681790
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Originally posted by tolate ↑

Sundance Resources (ASX: SDL) (“Sundance” or “Company”) is pleased to announce that it has signed a placement agreement with AustSino Resources Group Limited (ASX:ANS) (“ANS”) to take a A$750,000 placement of Sundance shares. The placement agreement between ANS and Sundance was signed on 1 August 2018. On Monday, 6 August 2018, ANS will provide A$750,000 in immediately available funds to Sundance and, no later than one business day after receipt of those funds, Sundance will issue ANS 187,500,000 ordinary fully paid shares. The issue price of the shares is $0.004, which is a 20% discount to the closing price on 1 August 2018, and will give ANS a 2.3% interest in the share capital of the Company. The funds will be used for the purposes of advancing the MbalamNabeba Iron Ore Project (“Project”) and general working capital (including payment of a 5% placement fee). Shareholder approval is not required for the issue.

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ANS Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
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