- Coziron has completed a $2.975 million capital raising for its iron ore and gold targets
- The capital raise included an issue of 297 million new shares, at 1¢ per share
- Applicants also received one new option for every two shares issued
Coziron has completed a $2.975 million capital raising for its iron ore and gold targets.
The capital raise included an issue of 297 million new shares, at 1¢ apiece.
Applicants also received one new option for every two shares issued.
The new options were issued at a price of 2¢ per share, with an expiry date of August 8, 2021.
DJ Carmichael and Trident Capital were joint lead managers to the capital raise.
Coziron Resources is an exploration company with many projects in Western Australia.
The company’s project includes Yarraloola, Shepherd Well, Croydon Top-Camp and Yarrie Projects in the Pilbara region. As well as the Buddadoo Project in Yilgarn.
Last year, Coziron acquired RWG Minerals through a binding term sheet.
RWG owns three exploration projects in Western Australia: Twin Hills in the Eastern Goldfields region, prospective for gold mineralisation, Nardoo Well in the Gascoyne region, prospective for tungsten and lithium and Cookes Creek in the east Pilbara, prospective for tungsten.
This raise was the maximum amount that could be raised due to the company’s capacity under ASX Listing Rules.
Coziron remains stead on the ASX today and is selling shares at 1.1¢ per share.