logo-loader

Rimfire Pacific directors demonstrate faith in copper-gold strategy by participating in SPP

Last updated: 14:12 05 Nov 2020 AEDT, First published: 14:22 05 Nov 2020 AEDT

Rimfire Pacific Mining NL -
Rimfire is focused on exploring a section of the world-class copper-gold producing Lachlan Fold Belt

Rimfire Pacific Mining NL (ASX:RIM) directors have demonstrated their faith in the company’s gold and copper strategy by participating in a share purchase plan (SPP).

The company’s fully underwritten SPP closed on Wednesday, October 21, providing eligible shareholders with the opportunity to subscribe for up to $30,000 of new shares.

Rimfire received applications totalling $162,500 from eligible shareholders with the SPP raising $500,000 as it was fully underwritten to that amount by Trans Global Capital Ltd.

These funds enable Rimfire to continue to execute its strategy aimed at discovering a large-scale copper-gold or gold ore body within its exploration licences in the Lachlan Transfer Zone of central NSW.

Director purchases 

Non-executive chairman Ian McCubbing acquired 2.4 million shares worth $30,000 increasing the total number of securities held to more than 6.743 million shares in one indirect interest and in excess of 7.466 million shares in another.

Non-executive director Andrew Greville secured 1.6 million shares worth $20,000 in an indirect interest, increasing the number of securities held to 4.6 million shares.

Fellow non-executive director Andrew Knox purchased 400,000 shares in a direct interest and now holds almost 11.34 million shares in that interest with another 1.5 million in an indirect interest.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

9 hours, 9 minutes ago