Minbos Resources Expands Capital Raising to AU$6.0 Million
Minbos Resources Limited (ASX: MNB) has expanded its placement to AU$6.0 million following increased participation from investors. The revised capital raising includes an additional AU$2.0 million through the proposed issue of approximately 133.33 million shares at AU$0.015 per share. Investors will also receive one free attaching option for every placement share. In addition, the company’s Board and management have committed a further AU$150,000 to the placement.
The additional funding is expected to strengthen Minbos’ financial position as it advances the Cabinda Phosphate Project toward initial production. The proceeds are planned to support the transfer of key mining approvals, fulfil financing requirements, establish operational working capital, fund fertiliser inputs and inventory, and facilitate grade control and mine mobilisation activities. Capital will also support ongoing grower and customer trials alongside general corporate requirements. Certain securities proposed under the placement remain subject to shareholder approval at an upcoming General Meeting.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Minbos Resources Expands Capital Raising to AU$6.0 Million
Minbos Resources Limited (ASX: MNB) has expanded its placement to AU$6.0 million following increased participation from investors. The revised capital raising includes an additional AU$2.0 million through the proposed issue of approximately 133.33 million shares at AU$0.015 per share. Investors will also receive one free attaching option for every placement share. In addition, the company’s Board and management have committed a further AU$150,000 to the placement.
The additional funding is expected to strengthen Minbos’ financial position as it advances the Cabinda Phosphate Project toward initial production. The proceeds are planned to support the transfer of key mining approvals, fulfil financing requirements, establish operational working capital, fund fertiliser inputs and inventory, and facilitate grade control and mine mobilisation activities. Capital will also support ongoing grower and customer trials alongside general corporate requirements. Certain securities proposed under the placement remain subject to shareholder approval at an upcoming General Meeting.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au