The company has already secured commitments and underwriting for the full amount.
’s () non-renounceable pro-rata rights issue aiming to raise about $5.48 million at 0.6 cents a share will close at 5pm (ACST) on Friday May 10, 2019.
Funds from the raising will be used to progress work at the company’s flagship Hayes Creek Zinc-Gold-Silver Project, including completion of a definitive feasibility study (DFS), as well as ongoing assessment of the high-grade Fountain Head Gold Project.
PNX has secured commitments and underwriting for the full amount, with key shareholders showing strong support and Hartleys Limited acting as lead manager.
PNX Metals managing director James Fox said that the support for the rights issue is a strong endorsement of the quality of the Hayes Creek Zinc-Gold-Silver Project and PNX’s NT exploration assets.
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 PNX Metals Ltd named herein, including the promotion by the Company of PNX Metals Ltd in any Content on the Site, the Company receives from...
FOR OUR FULL DISCLAIMER CLICK HERE