|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.06 - 0.07|
|52 Week Range||0.03 - 0.08|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 1, 2016 - Mar 5, 2016|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.18|
PERTH, Australia, July 27, 2018-- Bannerman Resources Limited is pleased to report on a strong June quarter during which the Company completed a A $8 m heavily oversubscribed capital raising, strengthening ...
Bannerman Resources Limited (ASX:BMN) (NSX:BMN) (Bannerman or the Company) is pleased to announce that it has received commitments to raise A$8 million gross proceeds through the placement of 173,913,043 new Bannerman shares at an issue price of A$0.046 per share (Placement). The Placement was made to both institutional and sophisticated investors. The Placement price of A$0.046 per share represents a 9.2% discount to the 10-day volume weighted average price of Bannerman shares up to and including Tuesday, 5 June 2018 (A$0.051 per share). The DFS Update will incorporate, to a definitive level, improvements to the 2012 DFS that have been identified in the Mining Optimisation Study (2015), Processing Optimisation Study (2017) and Membrane Study (2018). It will also include additional optimisation initiatives planned to be undertaken over the next 6-12 months.