|Bid||0.070 x 0|
|Ask||0.095 x 0|
|Day's Range||0.095 - 0.095|
|52 Week Range||0.060 - 0.110|
|Beta (3Y Monthly)||2.31|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
OTCQB: "SRAFF") ("Sandfire" or the "Company") advises that the Canadian Union of Postal Workers commenced rotating strikes on Monday, October 22, 2018 and the rotating strikes are ongoing. Registered shareholders who wish to exercise the rights issued pursuant to the Company's rights offering announced on September 19, 2018 must ensure that the completed rights certificate, together with the applicable funds, are received by Computershare Investor Services Inc., on or before 2:00 p.m. (Vancouver time) on October 30, 2018. Given the mail disruption, registered shareholders are encouraged to return their completed rights certificate and applicable funds by courier to Computershare Investor Services Inc., located at 100 University Avenue, 8th Floor, Toronto, Ontario M5J 2Y1.
The Company is planning an Autumn 2018 drilling program designed to collect additional data for resource verification and to collect geotechnical data necessary to the Feasibility Study. The Company has selected Ruen Drilling, Inc. as the contractor for the drilling program.
Sandfire Resources America Inc. (SFR.V) (SRAFF) ("Sandfire" or the "Company") announces that it will conduct a rights offering to raise gross proceeds of up to approximately C$18.9 million (the "Rights Offering"). The Company will issue rights (the "Rights") to existing shareholders in Canada and to eligible shareholders in the United States and in certain other jurisdictions at the close of business on the record date of September 27, 2018 (the "Record Date"). The Company is pleased that shareholders in Montana and elsewhere in the U.S. will be entitled to participate in the Rights Offering due to recent rule changes in the United States.