Sign up Australia
Proactive Investors - Run By Investors For Investors

Queensland Bauxite granted ASX waiver for China Bauxite Trading placement

Queensland Bauxite granted ASX waiver for China Bauxite Trading placement

Queensland Bauxite (ASX:QBL) has been granted an ASX waiver to enable the immediate completion of its $910,000 placement to China Bauxite Trading & Investments Company (CBTIC).

The company had earlier this week said it will place 65,000,000 ordinary shares at $0.014 per share with attaching 5 million options exercisable at $0.03 per share expiring on 28 February 2018 to CBTIC.

This is at the same share price as the current non-renounceable issue on offer to QBL shareholders of one share for every four shares held at an issue price of $0.014 per share.

Proceeds will be used finance further development of the South Johnstone Bauxite project, which could start production in 2015.

As a result of this placement CBTIC will become the second largest shareholder in QBL. The placement was initiated by CBTIC.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.  The company's officers may hold shares in this company.

View full QBL profile View Profile

Queensland Bauxite Timeline

Related Articles

LesothoBrown_hires.jpg
August 03 2017
New chief executive will will push down costs and go on the hunt for deals
1509449982_Copper-cathode-from-Berta.jpg
November 01 2017
Coro is establishing itself as a producing copper company with potential for significant growth
Robert Thomson, managing director, Stonewall Resources
May 19 2017
Robert Thomson talked pathway to gold production with investors.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use