logo-loader
viewActivEX

ActivEX to raise funds at a premium in private placement

ActivEX (ASX:AIV) is raising funds through a private placement to fund exploration.

money_on_financial_documents,_sized_58659d0ab302f.png
ActivEX is raising funds.

The company has entered agreements with ASF Gold and Copper Pty Ltd and Start Grand Global Limited to place 15.625 million shares at $0.08 to raise $1.25 million.

The issue price is a 38% premium to the last traded price of $0.058.

Following receipt of the Placement funds ASF Gold and Copper Pty Ltd will hold 19.61% and Start Grand Global Limited will hold 7.57% of ActivEX.

Exploration recently in Queensland yielded rock assays of 38.9% copper and 49.5g/t gold.

Quick facts: ActivEX

Price: 0.18 AUD

ASX:AIV
Market: ASX
Market Cap: $31.9 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Fertoz continues to plan for the future despite extremely...

Fertoz Ltd (ASX: FTZ) Executive Chairman Patrick Avery joined Steve Darling from Proactive Vancouver on Skype to discuss what has been a very tough weather year for the company. Even with that, Avery says the company has been very busy this year signing a number of distribution...

2 days, 11 hours ago

2 min read