- Write by:
-
Monday, August 9, 2021 - 14:24:21
-
506 Visit
-
Print
Mining News Pro - Triple listed Jervois Mining has completed A$135-million of it’s A$313-million capital raise.
The company previously announced the equity raise comprising an A$87-million institutional placement and a A$226-million 1-for-1.56 accelerated prorate non-renounceable entitlement offer to fund the acquisition of Finland-based Freeport Cobalt for $160-million and the development of its Idaho Cobalt Operations (ICO), in the US.
Jervois has completed the A$87-million institutional placement along with the institutional component of the pro-rata accelerated non-renounceable entitlement offer.
The ASX, TSX-V and OTC-listed company noted that the only insider participant in the placement and the institutional part of the entitlement offer was AustralianSuper, which subscribed for more than 114-million shares, at a price of A$50.2-million, to increase its stake in Jervois from 13.5% to 15%.
the retail component of the entitlement offer will close on August 25, and is expected to raise a further A$177-million.
Short Link:
https://www.miningnews.ir/En/News/615265
The United States is looking to Africa to help loosen a Chinese stranglehold on battery metals and reduce Russia’s ...
Democratic Republic of Congo and Chinese investors on Thursday signed an agreement reached in January that revises some ...
The Metals Company (Nasdaq: TMC) shares soared on Wednesday after Congresswoman Carol Miller (R-WV) and Congressman John ...
A researcher at the Leibniz Institute for Catalysis in Rostock has developed new methods for the synthesis of drug ...
Australian miner Jervois Global Ltd. is cutting costs and jobs in response to a plunge in cobalt prices that it’s ...
A federal appeals court on Tuesday refused to hold five major technology companies liable over their alleged support for ...
India launched the second part of its critical minerals auction worth an estimated 30 trillion rupees (about $362 ...
Insiders liken it to a “panic button.” And for more than 80 years, the primary job of the National Defense Stockpile has ...
The Democratic Republic of Congo’s state miner is broadening a push to extract more from its copper and cobalt joint ...
No comments have been posted yet ...