Further to its announcement of 26 July 2024, Meteoric Resources NL (ASX: MEI) (Meteoric or the Company) advises it has completed a placement to raise $27.5 million (before costs) via a placement of 250 million new fully paid ordinary shares at an offer price of $0.11 per New Share (Offer Price) (Placement).
Proceeds from the Placement will be used to accelerate development of the Caldeira Project including the completion of a PFS, commissioning of a demonstration plant and progression of key license and approvals. In addition to the Placement, the Company is also undertaking a Share Purchase Plan (SPP) to eligible shareholders at the same offer price as the Placement to raise up to $5 million. Together, the Placement and SPP will raise total gross proceeds of up to $32.5 million.
SPP Details
Under the SPP, eligible existing shareholders on the Company's share register at 7:00pm (AEST) on Thursday, 25 July 2024 will be offered the opportunity to apply for up to $30,000 worth of New Shares at the same price as the Placement ($0.11 per New Share). Further information regarding the SPP (including terms and conditions of the SPP) will be provided to eligible shareholders in the SPP offer booklet to be available to shareholders on 5 August 2024. Participation in the SPP is optional
Contact:
Nicholas Holthouse Michael Vaughan
Chief Executive Officer Investor and Media Relations
Meteoric Resources
Email: nholthouse@meteoric.com.au
Not an offer in the United States
This announcement has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws.
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