Announcement regarding ASX listing rule 7.1 capacity
Filed with ASX · · 2 pages · English
Summary by 6ix AI
The company reported a technical breach related to the issuance of equity securities under a funding agreement with Lind Partners. Despite this breach, Northern Minerals has maintained that it had sufficient placement capacity through prior shareholder approvals. The company will seek shareholder approval for future share issuances related to repayment obligations under the funding agreement.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Northern Minerals Limited on 6ix
Story so far
Earlier from Northern Minerals
- High grade exploration results drive drilling campaign
- Browns Range Heavy Rare Earths Project - March Update
- NTU Browns Range HRE Project Update February 2018
- Proposed Bonus Issue of New Listed Options Update
- NTU - SPP closes with $11.7 million raised
Later from Northern Minerals
- NTU - Commissioning commences at Browns Range
- Research confirms global dysprosium deficit
- Browns Range HRE Project Advances Towards Production
- NTU Browns Range Heavy Rare Earth Pilot Plant - May Update
- Browns Range exploration drilling recommences
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