Australia  

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

Anson Resources completes $1.5 million placement to strategic investor

Proactive Investors Wednesday, 11 September 2019
Anson Resources Ltd (ASX:ASN) has completed the placement of 50 million shares to strategic investor Chia Tai Xingye International for at an issue price of 3 cents per share to raise $1.5 million. The company issued these shares on Tuesday within its placement capacity and within the provisions of Part 6D.2 of the Corporations Act. This investment follows on from Chia Tai’s participation in a placement in June 2019 where it purchased 27.5 million shares at an issue price of 6 cents. Anson’s securities last traded at 3.6 cents. Funds to advance brine project The funds are likely to be used to continue advancing the development of Anson’s flagship Paradox Brine Project in Utah, US. Anson last month produced its first lithium chloride from test work. This sample will be further processed into lithium carbonate and sent to potential customers to test its suitability for use in their lithium battery cathodes. The test work aims to produce a 20-kilogram sample of lithium carbonate. Exploration program An exploration program is also set to begin alongside the test work programs. Anson most recently revealed that it plans to re-enter the Skyline Unit 1 and Long Canyon Unit 2 wells to sample brine at Paradox. Anson established its maiden JORC resource by re-entering old oil wells and this program plans to build upon that resource.
0
shares
ShareTweetSavePostSend
 

Recent related videos from verified sources

Midday Wrap: Apple iPhones Gets Bullish Call, Tesla Deliveries May Fall Short [Video]Midday Wrap: Apple iPhones Gets Bullish Call, Tesla Deliveries May Fall Short

JPMorgan expects Apple to ship volumes of around 44 million in the quarter ended December with that figure rising to 63 million the following quarter driven by demand in 5G phones. Apple unveiled its..

Credit: The Street     Duration: 00:57Published


Recent related news from verified sources

Bryah Resources commences drilling at gold prospect

Bryah Resources Ltd (ASX:BYH) has commenced a 1,500-metre drill program at its high-grade Tumblegum South Gold Prospect within its Gabanintha Project in Western...
Proactive Investors

BidEnergy to raise up to $6.6 million through placement and share purchase plan

BidEnergy Ltd (ASX:BID) has received firm commitments to raise $5.1 million through an oversubscribed placement share placement to sophisticated and professional...
Proactive Investors

You Might Like

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.