ASX announcement below.
All good, reality is setting in.
-------------------------------------
Reward Minerals Ltd (RWD) is pleased to advise that today it has agreed to place 6,600,000
fully paid ordinary shares with institutional clients of Shaw Corporate Finance at an issue price of
68 cents per share to raise $4,488,000 before costs.
The funds have been raised to accelerate progress on the Company’s exciting Potash projects.
In particular the Company aims to proceed with pilot scale metallurgical testwork, engineering
design and feasibility studies related to development of its Lake Disappointment Potassium
Sulphate project.
It is also proposed to proceed with drilling of a number of the Company’s buried evaporites
targets to assess their potential to host world class potash resources similar to those found in
Canada, Belarus and Europe.
Negotiations regarding drilling equipment and contract terms have been under way for some
time. The Company is seeking to finalise arrangements and commence drilling in the near
future following completion of the current capital raising.
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5.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.44M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 20000 | 5.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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5.9¢ | 22897 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 20000 | 0.057 |
1 | 21833 | 0.056 |
1 | 10000 | 0.055 |
1 | 164375 | 0.053 |
1 | 19350 | 0.050 |
Price($) | Vol. | No. |
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0.059 | 22897 | 1 |
0.064 | 33032 | 1 |
0.065 | 50000 | 1 |
0.070 | 20000 | 1 |
0.075 | 40000 | 1 |
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