Brief: Jervois Global To Restart São Miguel Paulista Refinery And Announces Equity Capital Raising

Jervois Global

10/11/2022 01:08

Nov 10 (Reuters) - Jervois Global Ltd  JRV.AX :
    * JERVOIS TO RESTART SMP AND EQUITY CAPITAL RAISING
    * TO RESTART SÃO MIGUEL PAULISTA REFINERY
    * FOCUSED ON DELIVERING STAGE 1 FORECAST OF 10,000 MTPA
NICKEL AND
2,000 MTPA COBALT METAL CATHODE  AT SÃO MIGUEL PAULISTA
    * FIRST PRODUCTION AT SÃO MIGUEL PAULISTA REFINERY EXPECTED
IN Q1
2024
    * ANNOUNCES FULLY UNDERWRITTEN A$231 MILLION EQUITY CAPITAL
RAISING
    * WILL USE PROCEEDS FROM EQUITY RAISING TO FULLY FUND
RESTART OF
SMP, ICO RAMP UP AND MINE SUSTAINING CAPITAL EXPENDITURE
    * ENTITIES CONTROLLED BY AUSTRALIANSUPER, THE COMPANY’S
LARGEST
SHAREHOLDER, HAVE AGREED TO  INVEST UP TO A$55.6 MILLION
    * ALL NEW SHARES WILL BE ISSUED AT A FIXED PRICE OF A$0.42
PER NEW
SHARE
    * JERVOIS DIRECTORS AND SENIOR MANAGEMENT WILL INVEST
FURTHER
A$2.0 MILLION
    * APPROVES FINAL INVESTMENT DECISION ON SÃO MIGUEL PAULISTA 
REFINERY RESTART,

Source text for Eikon:  ID:nASXbYZwJq 
Further company coverage:  JRV.AX 
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