Jindalee Resources Ltd

Jindalee Resources completes capital raising successfully

Jindalee Resources completes capital raising successfully

Jindalee Resources Ltd (ASX:JRL) managing director Pip Darvall confirms to Proactive Investors that 2.36 million shares from the company’s July rights issue have been allocated.

The company also confirms it has received binding commitments from sophisticated investors to place the entire shortfall of 1.13 million shares, which will raise a further $339,022.80 before costs.

The managing director also updated the market on diamond drilling at Jindalee’s McDermitt Lithium project in the US.

Quick facts: Jindalee Resources Ltd

Price: $0.28

Market: ASX
Market Cap: $10.78 m

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Jindalee Resources execs on the ground as it gets ready to drill at...

Jindalee Resources Ltd (ASX:JDL) Managing Director Pip Darvall tells Proactive Investors the company's drilling program at the McDermitt Lithium Project in the southwestern part of the United States is all set to begin in July. Darvall talks through the planned drill program, and says the...

on 9/7/19

2 min read