ABM plans further $3m raising

ABM Resources NL plans to raise an extra $3.2 million dollars through a share purchase plan, after successfully raising $1 million through a placement to clients of Blackwood Capital Ltd.

The company today announced amended terms to the share purchase plan in order to provide existing shareholders with the best possible price allowable under ASX rules.

ABM said it will issue a maximum number of 193 million shares priced at 1.648 cents each, a discount to its last traded price of 1.8c at 12:12 AEST.

The closing date for the share purchase plan is October 29.