Brief: Askari Metals Says Huayou International Resources (Hong Kong) Entered Conditional Deal With Co

Highland Metals

22/03/2023 01:21

March 22 (Reuters) - Askari Metals Ltd  AS2.AX :
    * HUAYOU INTERNATIONAL RESOURCES (HONG KONG) ENTERED
CONDITIONAL
AGREEMENT WITH CO
    * TO MAKE STRATEGIC A$2.5 MILLION INVESTMENT VIA
SUBSCRIPTION FOR
4.5 MILLION SHARES AT AN ISSUE PRICE OF A$0.55 PER SHARE
    * FUNDS RAISED FROM STRATEGIC INVESTMENT WILL BE USED TO
ACCELERATE CONTINUED EXPLORATION OF TENEMENTS RELATING TO UIS
LITHIUM PROJECT
    * ADDITIONAL A$3.25 MILLION ALSO RAISED VIA ISSUE OF 6.5
MILLION
SHARES AT ISSUE PRICE OF A$0.50 PER SHARE
    * TOTAL FUNDS RAISED TO APPROXIMATELY A$5.725 MILLION
    * FOLLOWING COMPLETION OF STRATEGIC INVESTMENT, AMONG OTHERS
HUAYOU WILL BECOME ABOUT 6.0% SHAREHOLDER IN CO

Source text for Eikon:  ID:nASXPlLzP 
Further company coverage:  AS2.AX 

 ((Reuters.Briefs@thomsonreuters.com;))