Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

Investing

Share Purchase Plan and Tranche 2 Placement Raises $1.1 Million

by February 9, 2024
February 9, 2024
Share Purchase Plan and Tranche 2 Placement Raises $1.1 Million

Flynn Gold Limited (“FG1” or “Flynn Gold”) (ASX: FG1) confirms that the Share Purchase Plan (“SPP”) announced to the ASX on 11 December 2023 closed at 5pm Tuesday, 30 January 2024. The Company received valid applications for 1,908,322 shares raising $114,500 (before costs). The Directors have accepted all valid applications in full in accordance with the SPP Offer Booklet dated 18 December 2023.

Under the SPP, shareholders in the Company registered in Australia or New Zealand on the record date of 8 December 2023 (“Eligible Shareholders”) were entitled to subscribe for up to $30,000 of new fully paid ordinary shares (“SPP Shares”) in the Company at the issue price of $0.06 per SPP Share.

The Company also confirms that it has received funds totalling $990,500 from the Tranche 2 Placement, announced on 11 December 2023, and resulting in an issue of 16,508,335 Shares to Directors and Related Parties at an issue price of $0.06 per Share as approved at the EGM held on 23 January 2024. The Company notes that it expects to complete the remaining of the Tranche 2 placement in due course which amounts to $249,000.

The capital raised under the SPP and Placement will be used to further exploration activities at the Company’s advanced Tasmanian gold and critical minerals projects, WA lithium projects and for general working capital.

The Shares will rank equally with existing shares in the Company. Managing Director, Neil Marston, commented:

“On behalf of the Board of Flynn Gold Limited I wish to thank existing and new shareholders for their participation in the Company’s fund- raising initiatives via the Share Purchase Plan and Placement.

“These funds will predominantly be used to progress our exciting advanced gold projects in Tasmania.”


Click here for the full ASX Release

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Biden considered resigning vice presidency ‘in protest’ over Obama’s Afghanistan policy: Hur report
next post
Tisdale Clean Energy To Begin Initial Phase One Drill Program at South Falcon East Uranium Project, Athabasca Basin, Saskatchewan

Related Posts

PRINCIPAL TECHNOLOGIES FINAL REBRAND AND STRENGTHENS ADVISORY BOARD

August 23, 2023

Can Mining Finally Go Millennial? Experts Talk Strategies...

March 12, 2024

2 Biggest Medical Device ETFs in 2024

February 14, 2024

David Erfle: Gold Sector Looking for a Bottom,...

September 28, 2023

How to Invest in Rare Earths

May 3, 2024

Breakthrough Alternative High Purity Alumina (HPA) Metallurgy Route...

March 2, 2024

Strategy for Cuban Mining Joint Venture

July 1, 2024

Top 10 Copper-producing Companies (Updated 2024)

January 19, 2024

Bold Ventures Receives Traxxin Exploration Permit – Provides...

October 6, 2023

E25 Optimises Plant Design as Butcherbird Expansion Accelerates...

May 13, 2024

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 4

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 5

      Top 9 Nickel-producing Countries (Updated 2024)

      April 23, 2024
    • 6

      Australian abolitionist, Grace Forrest, receives coveted ‘Freedom from Fear’ award

      April 13, 2024
    • 7

      LME Sanctions on Russian Metal Push Copper, Nickel and Aluminum Prices Higher

      April 17, 2024

    Categories

    • Business (1,028)
    • Investing (2,046)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,347)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thriftybanker.com | All Rights Reserved