Jervois Mining Limited
Jervois Mining Limited
- ISIN: AU000000JRV4
- Land: .
Nachricht vom 28.06.2019 | 15:25
Jervois Mining Capital Raise Oversubscribed
DGAP-News: Jervois Mining Limited / Key word(s): Miscellaneous
Vancouver, British Columbia--(Newsfile Corp. - June 28, 2019) - Jervois Mining Limited (TSXV: JRV) ("Jervois" or the "Company") is pleased to announce that its previously announced capital raise has been successfully oversubscribed. Jervois launched an equity raise on 26 June 2019 for targeted gross proceeds of A$15.0 million at an ~8% premium to its underlying market price (the "Financing"). On the back of strong demand from current and new institutional investors and the Company's management and board of directors, the Company made the decision to increase the financing size by a maximum of 10% and raise total gross proceeds of A$16.5 million, thus oversubscribing the Financing.
Jervois is pleased with the strong response from institutional investors. The Financing is conditional on completion of the eCobalt Merger and is supported by irrevocable investor commitments. Whilst Jervois could have raised additional capital, the level chosen provides adequate working capital out past mid 2020. During this period Jervois will finalise the Definitive Feasibility Study ("DFS") at the Idaho Cobalt Project ("ICP") in the United States and be in a position to restart construction at site; the Company will also continue with its exploration programme in Uganda, acquired via the recent merger with M2 Cobalt Corp ("M2 Cobalt").
The Financing comprises the issue of 82,500,000 ordinary shares at a price of A$0.20 per share. These shares will be issued fully paid and rank equally with existing ordinary shares on issue. Of the 82,500,000 new Ordinary Shares, 40,562,448 will be issued utilising the Company's existing placing capacity under Listing Rule 7.1.
The balance of the shares, including for the participation of the directors in the Financing, will be issued subject to shareholder approval, which will be sought at the upcoming General Meeting of the Company on 18 July 2019. An addendum to the Notice of Meeting will be sent to shareholders shortly. The issue of the new shares is anticipated to occur on 26 July 2019 once necessary conditions are met and shareholder and regulatory approval is received, including from the TSXV.
For further information, please contact:
Investors and Analysts: Media:
Investors and analysts:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45976
Click on, or paste the following link into your web browser,to view the associated documents http://www.newsfilecorp.com/release/45976
|Company:||Jervois Mining Limited|
|EQS News ID:||833143|
|End of News||DGAP News Service|
Fonds Research 2019: Dt. Mittelstandsanleihen FONDS bietet attraktive Anlagemöglichkeit
Auch 2019 hat die GBC AG unter der Vielzahl an Publikumsfonds neun „Fonds Champions“ herausgefiltert. Darunter den Deutsche Mittelstandsanleihen FONDS (ISIN: LU0974225590), der eine qualitätsorientierte Strategie verfolgt und eine vielversprechende Anlagemöglichkeit in den deutschen Mittelstand bietet. Insbesondere vor dem Hintergrund des aktuellen Niedrigzinsniveaus sehen wir den Fonds als gute Chance, um attraktive Renditen zu erwirtschaften und dies verbunden mit einer traditionell niedrigen Fonds-Volatilität. Wir vergeben 5 von 5 GBC-Falken ein.
Der AKTIONÄR News
22. September 13:00 Crashed by Politics
22. September 08:05 Diese Daten könnten den DAX demnächst drücken
22. September 08:00 Rendite mit gutem Gewissen: Grüner, besser und profitabler als die ...
22. September 07:08 Dividendenperle Roche nicht zu bremsen: Neues Jahreshoch – gelingt ...
21. September 16:00 Joker Draghi: Raubzug am Sparer – Geldsegen für Aktionäre
Original-Research: dynaCERT Inc (von GBC AG): BUY dynaCERT Inc
20. September 2019