Search

Ashburton raises $3.5m

ASHBURTON Minerals has closed its prospectus fully oversubscribed, having raised $3.5 million.

Under the prospectus the company sought to raise $3 million by offering 25 million shares at 12 cents each.

A minimum subscription of $2.5 million was required, with the ability to accept oversubscriptions up to $3.5 million.

The issue was not underwritten, however, the company reports strong support from Datatech Financial Services, ABN Amro Morgans Adelaide and Dalkeith Corporate.

With the fundraising complete a technical evaluation of the Wirralie data has commenced with specific initial focus on the oxide resource database, which will be recalculated and remodelled over the next two months as part of a mining implementation study.

 

Add your comment

BNIQ sponsored byECU School of Business and Law

Students

6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer