American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

Share Purchase Plan and Tranche 2 Placement Raises $1.1 Million

by admin February 9, 2024
February 9, 2024
Share Purchase Plan and Tranche 2 Placement Raises $1.1 Million

Flynn Gold Limited (“FG1” or “Flynn Gold”) (ASX: FG1) confirms that the Share Purchase Plan (“SPP”) announced to the ASX on 11 December 2023 closed at 5pm Tuesday, 30 January 2024. The Company received valid applications for 1,908,322 shares raising $114,500 (before costs). The Directors have accepted all valid applications in full in accordance with the SPP Offer Booklet dated 18 December 2023.

Under the SPP, shareholders in the Company registered in Australia or New Zealand on the record date of 8 December 2023 (“Eligible Shareholders”) were entitled to subscribe for up to $30,000 of new fully paid ordinary shares (“SPP Shares”) in the Company at the issue price of $0.06 per SPP Share.

The Company also confirms that it has received funds totalling $990,500 from the Tranche 2 Placement, announced on 11 December 2023, and resulting in an issue of 16,508,335 Shares to Directors and Related Parties at an issue price of $0.06 per Share as approved at the EGM held on 23 January 2024. The Company notes that it expects to complete the remaining of the Tranche 2 placement in due course which amounts to $249,000.

The capital raised under the SPP and Placement will be used to further exploration activities at the Company’s advanced Tasmanian gold and critical minerals projects, WA lithium projects and for general working capital.

The Shares will rank equally with existing shares in the Company. Managing Director, Neil Marston, commented:

“On behalf of the Board of Flynn Gold Limited I wish to thank existing and new shareholders for their participation in the Company’s fund- raising initiatives via the Share Purchase Plan and Placement.

“These funds will predominantly be used to progress our exciting advanced gold projects in Tasmania.”


Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Palladium Price Forecast: Top Trends That Will Affect Palladium in 2024
next post
Appia Announces Outstanding Re-Assayed Diamond Drill Results Including 100 Metres Averaging 3,577 PPM TREO at Its PCH Ionic Clay Project, Brazil

Related Posts

Is the Delta Air Lines stock a buy...

December 12, 2024

Blackrock stock price analysis amid the HPS, Prequin,...

December 2, 2024

Rolls-Royce and GE Aviation stocks reversed: is the...

November 20, 2024

Planet Fitness stock forecast: is PLNT a buy...

February 23, 2025

Will the Rolls-Royce share price hit 1,000p after...

May 1, 2025

RGTI, QSI, QMCO, IONQ stocks are surging: time...

December 27, 2024

Accenture stock price has catalysts after the robust...

January 10, 2025

Prospect Ridge Resources

May 16, 2024

S&P 500 index stocks to watch: Google, Tesla,...

April 19, 2025

Pinterest stock price deep dive: buy or sell...

October 29, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Interview: Strategic location gives Brazil Potash cost advantage in domestic fertiliser market, says CEO Matt Simpson

      June 1, 2025
    • Canada’s Q1 GDP expands by 2.2%, driven by exports spike ahead of potential US tariffs

      June 1, 2025
    • President Trump to host farewell for Elon Musk as DOGE leader steps away

      June 1, 2025
    • UK’s digital banks face divergent fortunes: Starling stumbles, Monzo and Revolut soars

      June 1, 2025
    • Trump wants Apple to shift iPhone production from India to the US: here’s what it means

      May 18, 2025

    Categories

    • Business (3,032)
    • Investing (2,462)
    • Latest News (1,994)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved