Share Purchase Plan Raises Additional $0.55 Million

SensOre (ASX: S3N or the Company) aims to become the top performing global minerals targeting company through deployment of big data, artificial intelligence/machine learning technologies and geoscience expertise.


SensOre is pleased to announce that in addition to the $1m placement announced on 11 May 2023, the Company has raised a further $548,500 in the Share Purchase Plan (SPP). SensOre will issue 2,194,000 shares and 1,097,000 options to SPP participants today and will dispatch holding statements on Wednesday 14 June 2023, in accordance with the SPP timeline.

Under the terms of the SPP offer, eligible shareholders were entitled to purchase up to $30,000 worth of shares at a subscription price of $0.25 per share, being the same price as the share placement which was also announced on 11 May 2023. The SPP offer also included the issue of one option for every two shares at an exercise price of $0.375 and expiry of 3 years. The SPP offer closed on 7 June 2023.

The Company is in advanced negotiations with those who have expressed interest in taking a placement of the shortfall from the SPP.

This announcement was approved and authorised for release by the CEO.

Click here for the full ASX Release

This article includes content from SensOre, 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.

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