Hastings Technology Metals Limited (ASX: HAS) has advised that the SPP closed on 28 September 2020. The SPP was fully underwritten to raise A$3,000,000.
Shareholders subscribed for 7,316,000 shares at 12.5 cents per share for A$914,500 (~30% of the offer). The balance of the shares, being 16,684,000 shares for A$2,085,500 will be placed with the underwriters.
The shares will be issued as follows:
Issue Date of New Shares under the Share Purchase Plan 1 October 2020.
Dispatch of holding statements for New Shares issued under the Share Purchase Plan 2 October 2020.
Date on which the New Shares are expected to commence trading on ASX 1 October 2020.
The Directors take this opportunity to thank shareholders for their ongoing support and interest in the Company.