| Toro Completes Unitisation Agreement with Sentient – Confirms $20M Funding Package | |
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Further to yesterday's announcement Toro Energy Limited (ASX: TOE, "Toro") confirms it has executed the binding Unitisation Agreement with The Sentient Group on the material terms and conditions outlined in yesterday's ASX release.
Signing of the Unitisation Agreement confirms The Sentient Group's investment of $20M into Toro, consisting of a placement of $10M at $0.08 per share and the $10M unitisation funding.
As advised in yesterday' announcement, Toro has appointed BBY to lead / co-manage a placement to sophisticated investors supported by RealFin Capital Partners Pty Ltd and Aetas Global Capital Pte Ltd brokers. In addition, Toro will offer existing Toro shareholders the opportunity to participate in a Share Purchase Plan on the same pricing terms as the placement.
An investor presentation will follow this announcement and Toro's securities will remain in a trading halt until such time as the capital raising is completed.
MEDIA CONTACT:
Vanessa Guthrie, Toro Energy - 08 9214 2100
Kevin Skinner, Field Public Relations - 08 8234 9555 / 0414 822 631
Click here to download associated documents
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Toro Energy Limited
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DEVELOPMENT STAGE |
CODE : TOE.AX |
ISIN : AU000000TOE6 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Toro Energy is a gold producing company based in Australia. Toro Energy develops gold, aluminum, phosphate, silica and uranium in Australia, and holds various exploration projects in Australia and in Morocco. Its main asset in production is LAKE WAY in Australia, its main asset in development is WILUNA in Australia and its main exploration properties are RADIUM HILL, LAKE MACKAY PROJECT, MT WOODS, COOBER PEDY, NONNING, ROXBY–ACROPOLIS, LAKE FROME, AMADEUS PROJECT, REYNOLDS RANGE, TANAMI, NAPPERBY and CENTIPEDE in Australia, GAWIB WEST, TUMAS NORTH and CHUNGOCHOAB in Namibia and HAUTE MOULOUYA in Morocco. Toro Energy is listed in Australia, in Germany and in United States of America. Its market capitalisation is AU$ 1.0 billions as of today (US$ 724.6 millions, € 634.8 millions). Its stock quote reached its lowest recent point on April 03, 2020 at AU$ 0.00, and its highest recent level on March 12, 2021 at AU$ 2.40. Toro Energy has 2 008 069 888 shares outstanding. |