Diatreme Resources Ltd (ASX: DRX)

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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

Diatreme Resources Ltd (ASX: DRX) (Copper, Gold)

IPO -

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

 

Summary of Total Offer

Unit Price: A$0.20
Total Units on Offer: 25 million
Raising: $A 5,000,000

Head Broker:

Barry Dawes
bdawes@mpsecurities.com.au
+61 2 9222 9111

About this Capital Raising

  • IPO
  • June 17, 2005 17:00
  • A$ 5,000,000