On 15 May 2017, Impact Minerals Limited (ASX:IPT) issued a prospectus seeking to raise up to $4,001,400 through the offer of 222,300,000 Shares together with 333,450,000 free attaching Quoted Options by way of a Share Purchase Plan to existing Shareholders, and a Shortfall Offer to the general public (together the SPP).
The Company raised $1,073,971 under the SPP through the issue of 59,665,051 Shares and 89,497,590 free attaching Quoted Options, which was approved by Shareholders at a general meeting of the Company on 20 June 2017.
As announced to ASX today, the Company has received firm commitments from sophisticated and professional investors to raise $2,000,000 by the issue of a portion of the Shortfall from the recent SPP, being 111,111,111 Shares and 166,666,667 free attaching Quoted Options (Placement).
The Shares and free attaching Quoted Options issued under the Placement will be issued on the same terms and conditions as those under the SPP, being $0.018 for each Share, with three free attaching Quoted Options exercisable at $0.04 on or before 15 June 2020 for every two New Shares subscribed for.
The attached Prospectus (see link below) has been lodged with ASIC for the purposes of section 708A(11) of the Corporations Act to remove any trading restrictions on the Shares and free attaching Quoted Options issued under the Placement.
To view the Prospectus, please visit:
About Impact Minerals Limited
Impact Minerals Limited (ASX:IPT) is an exploration company listed on the ASX in November 2006. The Company manages extensive tenement holdings (>2,000 km2) within Australia featuring significant potential for high-grade mineral deposits of gold, silver, lead, zinc, copper, nickel and PGM's. The Directors of the Company have extensive experience in mineral exploration and a strong history of exploration success, business development and corporate management. Impact Minerals intends to build wealth for its shareholders through a vigorous campaign of project generation and evaluation with a view towards profitable mining operations. Impact Minerals intends to build wealth for its shareholders through a vigorous campaign of project generation and evaluation with a view towards profitable mining operations.
Impact Minerals Limited