Diatreme Resources Ltd has been actively exploring in Queensland and New South Wales over a number of years and has built up a high quality project portfolio. To date, it has expended $3.3 million in exploration on its gold, diamond and copper projects, and has proven up or acquired gold and copper resources on which to conduct further exploration with the aim of taking them through to mineable propositions. The Company has only recently expanded its exploration actives into South Australia and Western Australia with its Eucla Basin Heavy Mineral Sands Project.
Key Offer Highlights
25 million Shares at 20 cents per Share to raise $5.0 million
Proposed transfer of listing from NSW to ASX
Priority for Existing Shareholders to ’round up’ their Shareholdings
The Offer is underwritten to $3,000,000 by Martin Place Securities pursuant to the Underwriting Agreement