Nickel developer Ardea Resources has received firm commitments to raise A$16-million in a share placement to professional and sophisticated investors. Ardea on Wednesday said it would place some 22.7-million shares at a price of 70c each under the company’s existing placement capacity, with the offer price representing a 2.2% discount to its 15-day volume weighted average price.
PERTH – Nickel developer Ardea Resources has received firm commitments to raise A$16-million in a share placement to professional and sophisticated investors.
Ardea on Wednesday said it would place 22.7-million shares at a price of 70c each under the company’s existing placement capacity, with the offer price representing a 2.2% discount to its 15-day volume weighted average price.Funds raised from the placement will be used for definitive feasibility study work at the Kalgoorlie nickel project, for critical mineral exploration, and finalising strategic partner agreements, as well as for working capital.
“We are delighted with the support for the placement, that received strong support from new and existing institutional and sophisticated investors,” said Ardea MD“The company is excited to advance the scope of its DFS with the Japanese Consortium under memorandum of understanding and reach binding terms for full funding of the DFS by the end of calendar year 2023.”
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indonesia nickel mining quota delays due to switch back to old systemIndonesia's mining quota distribution has been delayed having reverted to an older approval process due to an ongoing investigation into illegal mining, a senior official said on Monday, assuring there was sufficient nickel ore for smelters. Prices of nickel ore in top global producer Indonesia have surged about 10% in recent weeks, local buyers say, with ore production affected by delayed quotas, known locally as RKAB.
Read more »
Philly’s notorious ‘courtesy’ tows infuriate drivers, waste police resourcesIt’s an antiquated system that can be comically inefficient, plagued by vague and conflicting policies and shoddy recordkeeping.
Read more »
Black veterans and inaccessibility to mental health resourcesDespite taking the same risk of death and costly sacrifice to their mental well-being, Black Veterans continue to suffer as mental health services are statistically less accessible for the demographic than their white counterparts.
Read more »
‘Texas is answering the call’: Gov. Abbott deploys resources to Florida ahead of Hurricane Idalia landfallGov. Greg Abbott directed the Texas Division of Emergency Management (TDEM) to deploy Texas A&M Task Force 1 to Florida ahead of Hurricane Idalia, a news release said.
Read more »
Illinois launches initiative to boost mental health resources in rural communitiesThe state of Illinois launched a new initiative on Tuesday for people living in rural communities to get help when it comes to their mental health.
Read more »
Texas Governor Abbott sends resources to Florida for Hurricane IdaliaTexas Governor Greg Abbott has sent resources to aid Florida as Hurricane Idalia is set to make landfall on Wednesday.
Read more »