Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Alliance Mineral Assets to list strategic placement shares on SGX Catalist

Proactive Investors Friday, 24 May 2019
Alliance Mineral Assets Ltd’s (ASX:A40) (SGX:40F) new shares related to its recent placements will be listed on the Catalist Board of the Singapore Exchange (SGX-ST) within a week. The new shares will be issued to Galaxy Resources Ltd (ASX:GXY) and a subsidiary of China-based Jiangxi Special Electric Motor Co (Jiangte). READ: Alliance Mineral Assets Ltd enters strategic placements with Galaxy and Jiangte to raise $32.5 million The institutional placement with Galaxy will comprise the issue of 112.5 million shares whereas Jiangte will receive 50 million through a conditional placement. Both placements were not underwritten and were managed and arrangement by Canaccord Genuity who will be issued 6.125 million shares. The listing of the new 168,625,000 shares on the SGX-ST is subject to shareholder approval at an extraordinary general meeting (EGM) to be convened in due course.   Alliance had notched up quarterly records for lithium production and shipping totals from the Bald Hill Lithium and Tantalum Mine in Western Australia. Lithium production for the March 2019 quarter was 68% higher than the previous quarter with 38,291 wet metric tonnes (wmt) of high-grade spodumene concentrate produced grading 6.1% lithium carbonate.

You Might Like

Recent related videos from verified sources

Thursday Sector Leaders: Precious Metals, Oil & Gas Exploration & Production Stocks [Video]Thursday Sector Leaders: Precious Metals, Oil & Gas Exploration & Production Stocks

In trading on Thursday, precious metals shares were relative leaders, up on the day by about 5.4%. Leading the group were shares of Eldorado Gold, up about 14% and shares of Yamana Gold up about 10.8%..

Credit: Market News Video     Duration: 01:08Published

Investing Basics Explained: The Difference Between Stocks and Bonds [Video]Investing Basics Explained: The Difference Between Stocks and Bonds

Do you want to start investing, but you're confused about the different terms and concepts? Here are the main ways to invest in companies, and the differences between the different ways: Investors can..

Credit: The Street     Duration: 02:12Published

Tesla Shares Sink To Lowest Price Since 2016 [Video]Tesla Shares Sink To Lowest Price Since 2016

According to Automotive News, Tesla shares sank to their lowest price since late 2016. On May 20th, Tesla's stock dropped almost 4-percent, bringing the price per share to $203. On the year, Tesla's..

Credit: Wochit Business     Duration: 00:45Published

Recent related news from verified sources

Alliance Mineral Assets achieves strong quarterly lithium production at Bald Hill

Alliance Mineral Assets Limited (ASX:A40) has achieved another strong quarter of production from its Bald Hill Lithium and Tantalum Mine in WA with 38,717 wet...
Proactive Investors Also reported by •GlobeNewswire

Castillo Copper acquiring five highly-prospective copper projects in Zambia

Castillo Copper Ltd (ASX:CCZ) has entered into an agreement to acquire five highly-prospective copper projects covering about 1,050 square kilometres in Zambia....
Proactive Investors

VRX Silica to form strategic alliance with China Southern Glass, shares up 30%

VRX Silica Ltd (ASX:VRX) has entered into a memorandum of understanding (MoU) with China Southern Glass or form a strategic alliance related to the Muchea Silica...
Proactive Investors

Theta Gold Mines shareholders support board participation in placement

Theta Gold Mines Ltd (ASX:TGM) board members including the chairman and managing director have increased their shareholding in the company. Four board members in...
Proactive Investors

Other recent news in Business

DEPUTY PM says Adani justified in demanding names of CSIRO scientistsBulls, Bears & Brokers: DJ CARMICHAEL’s Davide Bosio on the latest market deals
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.