Skip Navigation Links

Bookmark and Share
Platina Resources Limited (ASX:PGM) Share Purchase Plan Raises $1.25 Million
Platina Resources Limited (ASX:PGM) (FRA:P4R) (OTCMKTS:PTNUF) is pleased to advise that it has raised a total of $1.25 million (before costs) pursuant to the Company's Share Purchase Plan (SPP).

The Company received $1,158,500 from eligible shareholders subscribing for new fully paid ordinary shares under the SPP. The SPP was intended to raise $1.25 million and was fully underwritten by Patersons Securities Limited (Patersons). Nominees of Patersons subscribed for the remaining $91,500 of the underwritten amount.

The SPP issue price per share was calculated as $0,021 per share, being the price which represents a 20% discount to the volume weighted average price of Company shares traded on the ASX during the five trading days immediately prior to the issue date of 9 October 2019, rounded up to the nearest $0,001 and otherwise as determined in accordance with ASX Listing Rule 7.2, Exception 15.

A total of 59,523,731 fully paid ordinary shares were issued at $0,021 under the SPP. The Company utilised available capacity under Listing Rule 7.1 for the shortfall.

The funds raised from the SPP provides the Company with additional funds to service and advance the Company's project portfolio, including completing the Blue Moon transaction, and funding the planned exploration and drilling activities for the Blue Moon zinc project and for general working capital purposes.

The Directors wish to thank shareholders for their continued support of the Company.

Corey Nolan
Managing Director
Phone +61 (0)7 5580 9094 

Gareth Quinn
Corporate Affairs Manager
Mobile: 0417 711 108

Disclaimer | Terms Of Use And Privacy Statement

© Metals News. All rights reserved.