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

Thrifty Banker

Investing

Altech – Results of Share Purchase Plan

by May 21, 2024
May 21, 2024
Altech – Results of Share Purchase Plan

Altech Batteries Limited (Altech/the Company) (ASX: ATC) provides the following update regarding its Share Purchase Plan (SPP) as announced on 17 April 2024.

Highlights

Share Purchase Plan (SPP) closed 15 May 2024Proceeds received of $3,721,000Shares and options will be issued 22 May 2024Quotation of shares on ASX 22 May 2024

The Company received applications from eligible shareholders amounting to proceeds received of $3,721,000. This represents 57,246,037 shares at $0.065 per share and 28,622,799 free-attaching options with an exercise price of $0.08 per share and expiring 30 April 2026.

The shares and options will be issued and allotted on 21 May 2024 and application for quotation of shares on the ASX will be made on 21 May 2024.

Altech’s CEO and MD Iggy Tan stated“On behalf of the Board of Directors, I wish to thank all eligible shareholders that participated in the SPP and for the support extended to Altech as it moves forward with both its CERENERGY® battery project as well as Silumina AnodesTM battery materials project. The SPP was very well received and supported. I am also cognisant of the market’s expectation in relation to the fabrication of the two 60KWh CERENERGY® battery prototypes as well as the commissioning of the Silumina AnodesTM pilot plant, and funds received from the SPP will be applied towards this. With the positive Definitive Feasibility Study and excellent economics for the 120MWh CERENERGY® battery project having been recently released in March 2024, Altech is also focused on securing offtake as well as finance to commence plant construction”.

Click here for the full ASX Release

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
SNX to Follow up 1270 g/t Silver Intercept in Hole BHD006 at Blackhawk, Nevada, USA
next post
Element 25 Announces Share Purchase Plan

Related Posts

Lancaster Resources Closing of Spin-Off of Nelson Lake...

April 4, 2024

Chris Taylor Sets Sights on Gold, Antimony in...

February 8, 2025

Top 10 Cobalt Producers by Country

December 1, 2023

Skyharbour Intersects Significant Uranium Mineralization in Inaugural Drill...

November 5, 2023

Cybersecurity Stocks: 10 Biggest Companies in 2025

January 12, 2025

Opawica Explorations Announces Non-Brokered Private Placement for Aggregate...

March 15, 2025

How to Invest in Uranium ETFs (Updated 2024)

April 2, 2024

Turning Australia’s Looming Energy Crisis into Opportunity

November 10, 2023

QUIMBAYA GOLD INC. CLOSES PRIVATE PLACEMENT FINANCING

August 15, 2023

How to Invest in Rare Earths (Updated 2023)

October 16, 2023

    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

      Understanding Lithium Mineralogy from an Investment Perspective

      September 12, 2023
    • 3

      US Capital Global Facilitates $50MM Financing to Accelerate Charbone Hydrogen’s North American Expansion

      June 6, 2025
    • 4

      Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

      June 6, 2025
    • 5

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

      January 3, 2025
    • 6

      Crypto Market Recap: Strategy Eyes US$1B Raise for Bitcoin Push, UK Regulator Reverses ETN Ban

      June 6, 2025
    • 7

      China’s aircraft carriers send message in the open Pacific for the first time – and bigger and more powerful ships are coming

      June 16, 2025

    Categories

    • Business (1,051)
    • Investing (2,077)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,385)
    • 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