logo-loader
viewAnson Resources Ltd

Anson Resources' shareholders snap up share offer which is two-times subscribed

In total Anson raised $1.2 million as it progresses to drilling for lithium.

1504843313_coins-going-up-757.jpg
Shareholders have shown their support

Anson Resources Ltd (ASX:ASN) has some very supportive shareholders.

The company targeted a share purchase plan raising of $400,000, and received more than double with $935,000 in applications.

Given the overwhelming demand, Anson accepted $760,000 in applications.

There was also a private placement for $460,000, taking the total raising to just over $1.2 million.

The plan for the funds is to drill the company's lithium brine project in the Paradox Basin, Utah, U.S.

SRK Consulting has validated re-entry of the historic Gold Bar Unit 2 well, and now Anson has submitted a Notice of Intent permit application with the U.S. Bureau of Land Management in Utah.

Bruce Richardson, managing director, commented:

"The strong support from our existing shareholder base has indicated their support for the Utah Lithium Project development strategy.

"The additional funds raised will enable Anson to fast track its exploration and development strategy."

Quick facts: Anson Resources Ltd

Price: 0.036 AUD

ASX:ASN
Market: ASX
Market Cap: $21.6 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...

In exchange for publishing services rendered by the Company on behalf of Anson Resources Ltd named herein, including the promotion by the Company of Anson Resources Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Anson Resources gets approval to build bromine/lithium plant...

  Anson Resources Ltd (ASX:ASN) CEO Bruce Richardson tells Proactive the bromine and lithium exploration company has received regulatory approval for a Special Use Lease with the State of Utah to begin building its modular bromine extraction plant. Anson says what's more, the company...

on 30/9/19

2 min read