Manhattan Corporation Limited (ASX: MHC) (the Company) confirms the issue of 200,000,000 new fully paid Ordinary Shares at $0.017 per Share in respect of the Placement announced on 6 July 2020.
The Placement raised a gross total of $3,400,000 with Shares issued to an institution, sophisticated, professional and experienced investors in Australia.
Why an issue under ASX Listing Rule 7.1A
The Company issued the Shares as a Placement under ASX Listing Rule 7.1A to institutions, sophisticated, professional and experienced investors as it was of the view, the Placement represented the most efficient and expedient mechanism to raise immediate funds for working capital purposes to be directed to a drilling program(s) at New Bendigo as well as the Tibooburra Gold Project.
Contact:
Eryn Kestel
Tel: +61 (8) 9322 6677
Email: eryn@kestelcorp8.com.au
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