Asiamet closes private placement
Wednesday, April 27 2016 - 08:49 AM WIB
AIM and TSX-listed Asiamet Resources Limited announced on Wednesday that it has closed a brokered private placement announced on April 22, 2016 ? a corporate action aimed to raise funds for its projects in Indonesia.
The company has issued and settled through CREST 48,387,097 common shares at a price of GBP 3.1 pence per share for total gross proceeds of ?1.5 million (equivalent to approximately CDN$2.7 million at CDN $0.056 per share).
The Company paid an aggregate of ?70,037 in fees to the broker and issued 2,147,581 common shares purchase warrants to the broker with each warrant exercisable at a price of C$0.06 per share for a period of two years. The participating investors include clients of the Company's UK broker agent, Optiva Securities Limited. The common shares issued and any common shares issued on exercise of the broker warrants are restricted from trading in Canada through the TSX Venture Exchange until August 27, 2016.
The Admission to AIM and dealings in the placement shares will commence on April 27, 2016. The total number of common shares in issue following completion of the placement is 622,984,168.
The firm has copper and gold concession in Sumatra and Kalimantan.
Editing by Johannes Simbolon