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ASX Announcement
30 September 2015
Placement
Royal Resources Limited is pleased to announce the successful completion of a placement to raise $590,250 (before costs) by the issue of 39,350,000 shares at an issue price of $0.015 per share (Placement).
The Placement was conducted under the Company's existing placement capacity available under ASX Listing Rules 7.1 and was made to a sophisticated investor.
The funds raised will be used to replace part of the working capital used for the cash payments made in respect to the acquisition of the Razorback tenements in accordance with the Third Variation Deed between the Company and Goldus Pty Ltd as described in the announcement on 11 August 2015.
For further information contact:
Gordon Toll
Chairman and Chief Executive Officer
+61 8 8427 0516
Royal Resources Limited | ABN: 34 108 102 432 | 118B Glen Osmond Road, Parkside, SA 5063 |
email: [email protected] | www.royalresources.com.au | Tel: +61 8 8427 0516 | Fax: +61 8 8427 0515
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Royal Resources Limited
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CODE : ROY.AX |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Royal Res. is a gold and iron exploration company based in Australia. Royal Res. is listed in Australia and in United States of America. Its market capitalisation is AU$ 4.3 millions as of today (€ 4.0 millions). Its stock quote reached its highest recent level on July 13, 2007 at AU$ 0.65, and its lowest recent point on April 03, 2009 at AU$ 0.01. Royal Res. has 393 329 984 shares outstanding. |