SL1 0.00% 0.0¢ symbol mining limited

Symbol Undertakes Oversubscribed Capital Raising of...

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    Symbol Undertakes Oversubscribed Capital Raising of AUD$3,000,000 Highlights: • Symbol has successfully raised AUD$3.0 million via a placement of 100,000,000 shares at $0.03 per share • CPS Capital acted as Lead Manager to the Placement. The Placement was oversubscribed (amount sought was $2,500,000) which attracted strong support from existing investors • The Placement will be issued in two tranches, with Tranche 1 to be issued utilising ASX Listing Rule 7.11 placement capacity and Tranche 2 to be issued subject to shareholder approval • The funds will be used to accelerate commercialisation of the world class zinc and lead deposits at the Macy site, as part of the $5 million funding required under the Macy Scoping Study
 
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Currently unlisted public company.

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