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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.

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