| Pioneer's Directors Subscribe for Shares Completing the September 2014 Capital Raising | |
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Microsoft Word - ASX 2nd Announcement - Appendix 3B 110914.docx
2 December 2014
Pioneer's Directors Subscribe for Shares
Completing the September 2014 Capital Raising
Pioneer Resources Limited ("Company" or "Pioneer") (ASX:PIO) today issued an Appendix 3B notice relating to the subscription by Directors of the Company for 4,875,000 fully paid ordinary shares in the Company ("Shares") at an issue price of 1.6 cents per Share.
The issue to Directors, which was subject to Shareholder Approval, raised $78,000, and was an adjunct to the raising announced on 11 September 2014. This brought the total funds raised to $1,009,800 (before costs).
Shareholder approval was received at the Company's AGM on 19 November 2014. The Company currently has cash reserves of approximately $2.4 million.
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Managing Director
Pioneer Resources Limited
For further information please contact:
David Crook James Moses
Managing Director Media and Investor Relations
Pioneer Resources Limited Mandate Corporate
T: +61 8 9322 6974 M: +61 420 991 574
E: [email protected] E: [email protected]
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Pioneer Resources
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PRODUCER |
CODE : PIO.AX |
ISIN : AU000000PIO5 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Pioneer Resources is based in Australia. Pioneer Resources holds various exploration projects in Australia. Its main asset in production is BLAIR in Australia and its main exploration properties are EMU LAKE JV, LIGNUM DAM, MAGGIE HAYS LAKE PROJECT and ACRA in Australia. Pioneer Resources is listed in Australia and in Germany. Its market capitalisation is AU$ 114.2 millions as of today (US$ 88.9 millions, € 73.2 millions). Its stock quote reached its lowest recent point on March 13, 2020 at AU$ 0.01, and its highest recent level on October 02, 2020 at AU$ 0.14. Pioneer Resources has 1 037 729 984 shares outstanding. |