Revolver Resources Raises AU$2.6 Million to Advance Dianne Copper Project.
Revolver Resources Holdings Ltd. (ASX: RRR) has raised AU$2.6 million through a combination of an equity placement and convertible notes. These funds will help move forward with the development of the Dianne Copper Mine Project, focusing on early-stage development and procurement. The company is aiming for a Final Investment Decision (FID) in the near future, with initial copper cathode production anticipated within 12 months of FID.
The equity placement raised AU$0.825 million, offering new shares at AU$0.07 each along with attaching options. Additionally, AU$1.775 million was raised through a 30-month convertible note issue, with conversion options available at a 20% discount after 16 weeks. This capital raise takes advantage of the ongoing global copper demand, which has improved the funding terms for the project. Revolver remains focused on a cost-effective development strategy and is actively exploring additional opportunities at the Dianne site.
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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Revolver Resources Raises AU$2.6 Million to Advance Dianne Copper Project.
Revolver Resources Holdings Ltd. (ASX: RRR) has raised AU$2.6 million through a combination of an equity placement and convertible notes. These funds will help move forward with the development of the Dianne Copper Mine Project, focusing on early-stage development and procurement. The company is aiming for a Final Investment Decision (FID) in the near future, with initial copper cathode production anticipated within 12 months of FID.
The equity placement raised AU$0.825 million, offering new shares at AU$0.07 each along with attaching options. Additionally, AU$1.775 million was raised through a 30-month convertible note issue, with conversion options available at a 20% discount after 16 weeks. This capital raise takes advantage of the ongoing global copper demand, which has improved the funding terms for the project. Revolver remains focused on a cost-effective development strategy and is actively exploring additional opportunities at the Dianne site.
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