Anax Metals Limited (ASX: ANX) has advised that it has completed the capital raising previously announced on 11 October 2024. The company has raised A$2.54M (before costs) from institutional, sophisticated, and professional investors via a placement of 169,650,712 new fully paid ordinary shares at an issue price of A$0.015 per share.
The placement shares were issued utilizing the company’s existing placement capacity under Listing Rules 7.1 and 7.1A through the issue of 100,190,427 and 69,460,285 placement shares respectively. The placement shares rank equally with the existing fully paid ordinary shares on issue.
In addition to the placement Shares, the company has issued:
• 3,240,200 fully paid ordinary shares to drilling services company Topdrill Pty Ltd, in lieu of a part cash payment for drilling services rendered. The TopDrill Shares were issued for nil cash consideration, at a deemed issue price of A$0.021 per share as approved by shareholders at the general meeting held on 23 August 2024
• 3,941,176 fully paid ordinary shares to unrelated creditors in lieu of cash payment for technical services and investor relations services rendered. The creditor shares were issued for nil cash consideration, at a deemed issue price of $0.015 per share utilizing the company’s existing placement capacity under Listing Rule 7.1
To find out more, please visit www.anaxmetals.com.au
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