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19 February 2010
20 April 2016
Company Announcements Platform Australian Securities Exchange
20 Bridge Street
SYDNEY NSW 2000
Dear Sir/Madam
SHARE PLACEMENT
Alloy Resources Limited ("Alloy" or "the Company") is pleased to announce that firm placement commitments have been received from professional and sophisticated investors to raise $1,320,000 before costs.
Bell Potter Securities Limited acted as managers to the Placement. The Placement of 120,000,000 fully paid shares at 1.1 cents each will be completed within the Company's 15% placement capacity under ASX Listing Rule 7.1 and 10% placement capacity under ASX listing Rule 7.1A. The new ordinary shares issued by Alloy under the Placement will rank equally with all other fully paid ordinary shares on issue.
Proceeds from the placement will principally be used to fund the Company's 40% contribution to Joint Venture expenditure at the Horse Well Gold Project, as well as exploration and evaluation programs at the Company's other projects and provide working capital.
Yours faithfully Andrew Viner
Executive Chairman
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Alloy Resources
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EXPLORATION STAGE |
CODE : AYR.AX |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Alloy Res. is a exploration company based in Australia. Its main exploration property is HORSE WELL in Australia. Alloy Res. is listed in Australia. Its market capitalisation is AU$ 42.5 millions as of today (US$ 33.1 millions, € 27.3 millions). Its stock quote reached its lowest recent point on April 15, 2020 at AU$ 0.00, and its highest recent level on October 23, 2020 at AU$ 0.14. Alloy Res. has 966 990 016 shares outstanding. |