Completion of Placement of Shares
Perth, Feb 26, 2015 AEST (ABN Newswire) - The Board of Directors of ABM Resources NL (
ASX:ABU) is pleased to confirm that it has completed the placement announced on 19 February 2015, of 22,727,273 shares at an issue price of $0.22 per share to raise approximately $5 million (before costs) (Placement).
The Placement was completed at the same issue price as under the Company's current rights issue comprising the offer of one fully paid ordinary share in the capital of the Company for every eight shares held by eligible shareholders at an issue price of $0.22 per Share to raise up to approximately $7.7 million (before costs) (Offer). The Company will despatch an offer document in respect to the Offer to eligible shareholders on 3 March 2015, in accordance with the Offer timetable.
If you have any queries concerning the Offer, please contact your financial adviser or the Company on +61 8 9423 9777.
About ABM Resources NL
ABM Resources (ASX:ABU) is developing several gold discoveries in the Central Desert region of the Northern Territory of Australia. The Company has a multi-tiered approach to exploration and development with a combination of high-grade production scenarios such as the Old Pirate High-Grade Gold Project, large scale discoveries such as Buccaneer, and regional exploration discoveries such as the Hyperion Gold Project. In addition, ABM is committed to regional exploration programs throughout its extensive holdings including the alliance with Independence Group NL at the regional Lake Mackay Project.
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