Manhattan Corporation

Published : April 21st, 2016

Manhattan Successfully Completes $172,500 Share Placement

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Keywords :   Uranium |

Manhattan Successfully Completes $172,500 Share Placement

[International Goldfields Limited Letterhead]


ASX Release Thursday, 21 April 2016


MANHATTAN SUCCESSFULLY COMPLETES $172,500 SHARE PLACEMENT

6.9 MILLION SHARES PLACED AT $0.025 PER SHARE


HIGHLIGHTS


  • Private placement funds received from seven (7) sophisticated and professional investors to raise A$172,500


  • Funds raised will be utilised to maintain appropriate levels of capital to progress the exploration and development of the Company's Ponton uranium project, corporate activities and working capital


  • Shares placed at $0.025 per share being a 15% discount to the close of trade market price on Thursday 31 March 2016 on ASX prior to the announcement


  • 6,900,000 shares placed equivalent to 5.8% of Manhattan's issued capital on a fully diluted basis post placement


DETAILS OF THE PLACEMENT


Manhattan Corporation Limited ("Manhattan") is pleased to announce it has completed the placement of shares to seven (7) sophisticated and professional investors and issued 6,900,000 new ordinary shares at 2.5 cents ($0.025) per share to raise A$172,500 in working capital as announced on 1 April 2016.


The placement was made in Australia pursuant to excluded offers for the purposes of section 708 of the Corporations Act 2001. All placement shares issued will rank equally in all respects with existing shares of the Company on issue and an immediate application will be made to list the issued shares on the Australian Stock Exchange Limited ("ASX").


The placement was undertaken by Manhattan and there are no fees payable.


The additional funds raised, along with funds currently being raised by the Share Purchase Plan ("SPP") offer to all our shareholders, will ensure the Company is now soundly positioned to advance the exploration and assessment of its flagship Ponton uranium project in WA.


For further information please contact:

Alan J Eggers

Executive Chairman

Telephone:

+61 8 9322 6677

Email:

[email protected]


Manhattan Corporation Limited ABN 61 123 156 089

Level 1, 37 Ord Street, West Perth WA 6005

Read the rest of the article at www.publicnow.com

Manhattan Corporation

EXPLORATION STAGE
CODE : MHC.AX
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Manhattan Corp is a exploration company based in Australia.

Its main exploration properties are DOUBLE 8, SICCUS PROJECT, GARDNER RANGE and PONTON in Australia.

Manhattan Corp is listed in Australia. Its market capitalisation is AU$ 952 280 as of today (US$ 687 269, € 602 048).

Its stock quote reached its highest recent level on January 14, 2011 at AU$ 1.44, and its lowest recent point on August 23, 2019 at AU$ 0.00.

Manhattan Corp has 136 040 000 shares outstanding.

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Corporate news of Manhattan Corporation
4/29/2016Manhattan Quarterly Report 31 March 2016
4/21/2016Manhattan Successfully Completes $172,500 Share Placement
4/18/2016Manhattan SPP Closing Date Extension & Revised Timetable
4/17/2016Manhattan Appoints Chub Witham COO 4Apr16
4/17/2016Reported Mineral Resorces and Exploration Targets 7Apr16
4/17/2016Manhattan SPP Offer Documents 4Apr16
4/1/2016Manhattan Share Purchase Plan & Equity Raising
1/29/2016Manhattan Quarterly Report 31 December 2015
10/7/2015Manhattan AGM Notice of Meeting 2015
9/29/2015Manhattan 2015 Annual Report & Financial Statements
9/29/2015Manhattan Corporate Governance Statement & Appendix 4G
7/30/2015Manhattan Quarterly Report 30 June 2015
3/12/2015Manhattan Lapse of Unlisted Options
12/2/2014Manhattan Appendix 3Ys AJE JAGS MC 2Dec14
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AUSTRALIA (MHC.AX)
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