Javelin Minerals' Capital Raising Surpasses AU$2 Million

MT Newswires Live07-25

Javelin Minerals (ASX:JAV) raised more than AU$2 million via the issuance of 425 million fully paid ordinary shares and 425 million free attaching listed options, among other issuances, as announced on June 3, the miner said in a Thursday filing with the Australian bourse.

Javelin announced the completion of the security issues, which were approved by shareholders at the company's general meeting on Tuesday.

The issuances also comprise 325 million listed options, 75 million shares, 37.5 million free attaching listed options to executive chairman, Brett Mitchell, and 400 million performance rights to Mitchell, it said.

The company secured binding commitments from sophisticated and professional investors to raise an additional AU$100,000 through a share placement at AU$0.001 per share, following the Placement announced on June 3.

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