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Altura Mining Provides Update on Placement

12 Feb 2019  |  19:25:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Update on Placement

Altura Mining advised that in light of further demand from investors, it has received further commitments from non-related parties of the Company to participate in the Placement announced on 7 February 2019 ("Placement"). As a result, the total amount to be raised under the Placement is A$24.5m (before costs), of which $9.04m (before costs) are to be raised from non-related parties. The issue of the 69,527,995 shares and 34,763,997 free-attaching options under the Placement to such non-related parties will be undertaken under the Company's existing placement capacity pursuant to Listing Rule 7.1. The shares are expected to be issued on or about 13 February 2019 with trading expected to commence on or around 14 February 2019.

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