The Board of Six Sigma Metals Limited is pleased to announce...

The Board of Six Sigma Metals Limited is pleased to announce that $1,600,000 has been raised in a placement following strong interest from a number of sophisticated and professional investors.

The Company will issue fully paid ordinary shares at $0.015 per share with free attaching quoted options (SI6OC) on the basis of two free options for every five shares subscribed under the placement.

Placement information

The placement will be completed in two tranches as follows:

Tranche 1: 75,333,333 shares will be issued utilising the available placement capacity under ASX Listing Rules 7.1 and 7.1A raising $1,130,000 (before costs). It is expected that this tranche of the placement will settle prior to the end of December 2017

Tranche 2: 31,333,333 shares will be issued with shareholder approval raising $470,000 (before costs). This tranche of the placement will settle after the General Meeting which is planned to be held in February/March 2018.