|Bid||0.07 x 0|
|Ask||0.08 x 0|
|Day's Range||0.0800 - 0.0800|
|52 Week Range||0.0600 - 0.1100|
|Beta (3Y Monthly)||2.21|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Sandfire Resources America Inc. (“Sandfire America” or the “Company”) is pleased to provide an update on permitting and feasibility activities relating to its underground Black Butte Copper Project. Permitting of the Black Butte Project is continuing following a slight delay to the process which has arisen due to the Project being the first new copper mine in Montana required to meet a new statewide numeric standard for nitrogen during the growing season. This enables the Company to meet these strict Montana non-degradation standards year-round.
OTCQB: "SRAFF") ("Sandfire America" or the "Company") is pleased to announce that it has closed its oversubscribed rights offering, issuing 314,551,166 common shares of the Company for gross proceeds of C$18,873,070 (the "Rights Offering"), representing 100% of the total rights offered. In total, 251,143,277 common shares issued in the Rights Offering were distributed under basic subscription privileges, of which 245,552,064 were distributed to insiders of the Company and 5,591,213 were distributed to non-insiders.
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.