Funds for drilling, exploration of uranium, copper, gold in Chile
By Marisa Wong
Madison, Wis., Nov. 4 - Hot Chili Ltd. said it raised A$4.65 million through a stock private placement bookbuild with institutional, sophisticated and experienced investor clients of DJ Carmichael, the lead manager, Shaw Stockbroking and WH Ireland.
The company issued 18.6 million shares at A$0.25 per share, which represents a 9.09% discount to the A$0.275 closing share price on Oct. 29.
The company said the placement was heavily subscribed.
Settlement is expected to occur on Nov. 12.
Proceeds will be used to accelerate drilling and exploration at the company's two advanced Chilean uranium-copper-gold projects in the coming months, as well as to provide additional funds to support potential acquisition opportunities in Chile.
Hot Chili is a Perth, Australia-based uranium, copper and gold exploration company.
| Issuer: | Hot Chili Ltd.
|
| Issue: | Shares
|
| Amount: | A$4.65 million
|
| Shares: | 18.6 million
|
| Price: | A$0.25
|
| Warrants: | No
|
| Agents: | DJ Carmichael (lead manager), Shaw Stockbroking and WH Ireland
|
| Announcement date: | Nov. 4
|
| Settlement date: | Nov. 12
|
| Stock symbol: | Australia: HCH
|
| Stock price: | A$0.27 at close Nov. 4
|
| Market capitalization: | A$33.54 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
