The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Investing

Successful Placement to Raise $750,000

by admin June 28, 2024
June 28, 2024
Successful Placement to Raise $750,000

Balkan Mining and Minerals Ltd (BMM or the Company) is pleased to announce that it has successfully received binding commitments for a private placement to raise $750,000 (before costs) (Placement). The Placement will comprise the issue of 15,000,000 new fully paid ordinary shares (Placement Shares) in the Company at an issue price of $0.05 per share.

The Placement proceeds will be used to part fund project generation, working capital and exploration activities in Canada.

The Placement Shares will rank equally with existing fully paid ordinary shares. Settlement of the Placement is expected to be completed on Tuesday, 30 July 2024.

The issue price represents a 4.0% discount to BMM’s last close on 24 June 2024 of $0.052, a 4.9% discount to the 5-day VWAP of $0.0524, a 8.6% discount to the 15-day VWAP of $0.0543 and a 14.5% discount to the 30-day VWAP of $0.0572.

BMM will issue one (1) free attaching unlisted option (Placement Option) for every two (2) Placement Shares issued pursuant to the Placement. The 7,500,000 Placement Options will be exercisable at 7.5 cents each, with an expiry three (3) years from the date of issue.

The Placement Shares will be issued pursuant to the Company’s existing placement capacities under ASX Listing Rules 7.1 (8,019,283 Shares) and 7.1A (6,980,717 Shares). The issue of 7,500,000 Placement Options will be subject to shareholder approval at a General Meeting proposed to be held in late August 2024.

Sixty Two Capital Pty Ltd acted as the Lead Managers to the Placement.

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Victoria Gold Shares Drop After Landslide at Eagle Mine
next post
ISR Uranium Specialist Appointed to Board

Related Posts

Group Eleven Drills Best Hole Yet at Ballywire:...

July 3, 2025

How to Invest in Aluminum (Updated 2024)

February 8, 2024

RecycLiCo Battery Materials Inc. Granted European Unitary Patent...

July 16, 2024

Reducing Reliance on China for Rare Earths Production...

June 25, 2024

Ericsson, Rogers Launch Canada’s First Underground 5G Network...

June 21, 2025

Avrupa Minerals $350,000 Private Placement is Fully Subscribed

August 24, 2024

BPH Energy Ltd (ASX: BPH) – Trading Halt

May 11, 2024

How to Invest in Rare Earth Metals

May 6, 2025

Trillion Energy Announces Commencement of Operations on Tripods

January 3, 2025

BPH Energy Ltd Raises $1 Million to Accelerate...

May 13, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,550)
    • Investing (4,201)
    • Politics (5,579)
    • World (4,762)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved