
May 14, 2024
ChemX Materials Limited (ASX:CMX) (ChemX or the Company) has released its Prospectus announcement.
For the offers of:
(a) up to 11,645,837 Options to participants in the Placement, on the basis of one (1) free attaching Option for every two (2) Shares subscribed for and issued under the Placement, exercisable at $0.09 each on or before the date that is three (3) years from the date of issue (Placement Options) (Placement Options Offer);
(b) up to 5,208,334 Options, on the basis of one (1) free attaching Option for every two (2) Shares issued to Eligible Shareholders under the Company’s security purchase plan (SPP), on the same terms as the Placement Options (SPP Options) (SPP Options Offer);
(c) up to 5,208,334 Options, on the basis of one (1) free attaching Option for every two (2) Shares issued to SPP Shortfall Participants, on the same terms as the Placement Options (Shortfall Options) (Shortfall Options Offer); and
(d) 900,000 Options to the Lead Manager, on the same terms as the Placement Options (Broker Options) (Broker Options Offer),
(together, the Offers).
No funds will be raised under the Offers.
IMPORTANT NOTICE
This document is important and should be read in its entirety. If after reading this Prospectus you have any questions about the Options being offered under this Prospectus or any other matter, then you should consult your stockbroker, accountant or other professional adviser.
The Options offered under this Prospectus should be considered as speculative.
Click here for the full ASX Release
This article includes content from ChemX Materials, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
CMX:AU
The Conversation (0)
01 July 2024
ChemX Materials
Overview
ChemX Materials (ASX:CMX) is a critical materials company developing innovative processing technology to produce high purity alumina for advanced technology and clean energy applications.
ChemX Materials’ 100 percent owned, Australian patented HiPurA® process technology offers a low cost and energy intensity production method to produce high purity alumina (HPA).
HPA is used in advanced technology and clean energy applications including lithium-ion batteries, LEDs, semiconductors and synthetic sapphires. Synthetic sapphires are critical in the production of applications such as smart watches, iPhones and laptop screens.Get access to more exclusive Rare Earth Investing Stock profiles here
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Critical materials company developing innovative, processing technology to produce high purity alumina for advanced technology and clean energy applications.
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