Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn
About

Company News Summary

Altura Mining Announces SPP Offer Further Increased to $14M

15 Mar 2019  |  12:44:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: SPP Offer Further Increased to $14 Million

Altura Mining announced that the Securities Purchase Plan (SPP) has been further increased to $14m to satisfy continued demand from shareholders. The Company updated that the increased amount is the maximum amount it can raise from the SPP and represents a significant increase from the original $5.0m offer announced on 7 February 2019. As reported, the strong demand from shareholders has come on the back of an improved operational performance from the Company's Lithium Mine, which culminated in a formal declaration of commercial production. The Company further updated that it has lodged a Second Supplementary Prospectus with the Australian Securities and Investments Commission (ASIC) for the purposes of the amended SPP Offer.

Please click here for full details

See more ASX300 News Announcements