SKY Raises AU$20.5 million to Accelerate Tallebung Tin Development
Sky Metals Ltd (ASX: SKY) has secured binding commitments to raise AU$20.5 million before costs via a placement priced at AU$0.155 per share.
The raise attracted strong participation from both new and existing investors, including institutional support. Directors have committed AU$496,000, subject to shareholder approval.
Approximately 132.2 million new shares will be issued under the Company’s available placement capacity, with a small second tranche to follow.
Post-completion, SKY will be funded to advance its 100%-owned Tallebung Tin Project in central NSW. Planned activities include ongoing resource expansion and infill drilling, delivery of an updated Mineral Resource Estimate next quarter, bulk sampling and metallurgical optimisation, environmental approvals, and preparation for feasibility studies to position Tallebung for future tin-silver-tungsten production.
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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SKY Raises AU$20.5 million to Accelerate Tallebung Tin Development
Sky Metals Ltd (ASX: SKY) has secured binding commitments to raise AU$20.5 million before costs via a placement priced at AU$0.155 per share.
The raise attracted strong participation from both new and existing investors, including institutional support. Directors have committed AU$496,000, subject to shareholder approval.
Approximately 132.2 million new shares will be issued under the Company’s available placement capacity, with a small second tranche to follow.
Post-completion, SKY will be funded to advance its 100%-owned Tallebung Tin Project in central NSW. Planned activities include ongoing resource expansion and infill drilling, delivery of an updated Mineral Resource Estimate next quarter, bulk sampling and metallurgical optimisation, environmental approvals, and preparation for feasibility studies to position Tallebung for future tin-silver-tungsten production.
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