Hazelwood Resources Ltd. (ASX:HAZ) announced that it has raised $500,000 by executing a binding subscription agreement with a foreign-domiciled, Vietnam-focused investment fund.
As quoted in the press release:
The Placement has been completed on the same terms as the placement announced to the ASX on 19 May 2014, which was at 3.5 cents per share, with 1 (one) attaching option for every 2 (two) shares subscribed in the Placement, exercisable at 5.5 cents each on or before 27 November 2016. The Placement pricing reflects a premium to Hazelwood’s last close price of 3.3 cents.
The Board of Hazelwood views this investment as a strong vote of confidence in the Company’s ATC Ferrotungsten operation and growth prospects.
There is no guide to critical metals investing that is more concise, clear and authoritative.Download this FREE Special Report, Investing in Today’s Critical Metals – Context for Lynas News and Molycorp News.