Brief: Diatreme Resources Says To Raise Up To Circa A$52 Million

Diatreme Resources

27/06/2022 02:29

June 27 (Reuters) - Diatreme Resources  DRX.AX :
    * TO RAISE UP TO CIRCA A$52 MILLION
    * PLACEMENT VIA PLACING NEW FULLY PAID ORDINARY SHARES AND
TWO-TRANCHE ASSET JOINT VENTURE
    * SIBELCO BECOME SIGNIFICANT SHAREHOLDER IN DIATREME VIA
A$13.97
MILLION STRATEGIC PLACEMENT
    * SIBELCO'S PLACEMENT OF 559.5 MILLION NEW ORDINARY SHARES
AT
COMBINED ISSUE PRICE OF A$0.025 PER SHARE
    * ALSO AGREED BINDING TERMS OF PLACEMENT TO ILWELLA PTY OF
132.1
MILLION NEW ORDINARY SHARES AT A$0.025 PER SHARE
    * SIBELCO & CO AGREED JV TO DEVELOP GALALAR SILICA PROJECT &
NORTHERN RESOURCE PROJECT, WITH SIBELCO'S INVESTMENT OF A$35
MILLION

Source text for Eikon:  ID:nASX48CqJS 
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 ((Reuters.Briefs@thomsonreuters.com;))