01.08.2016
Deutsche Rohstoff AG DE000A0XYG76
DGAP-News: Deutsche Rohstoff AG: Hammer Metals share placement raises approximately AUD 2.25 million
DGAP-News: Deutsche Rohstoff AG / Key word(s): Capital Increase
Deutsche Rohstoff AG: Hammer Metals share placement raises approximately AUD
2.25 million
01.08.2016 / 10:46
The issuer is solely responsible for the content of this announcement.
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Deutsche Rohstoff: Hammer Metals share placement raises approximately AUD
2.25 million
Resource Capital Fund takes Strategic Stake
Heidelberg/Perth. Hammer Metals announced today that it has finalized terms
for a share placement for the issue of new shares to raise approximately
AUD 2.25 million. The placement will consist of approximately 32.2 million
shares at 7 cents per share. It will be made in two tranches, as the
placement capacity limitations under ASX listing rules require Hammer
Metals to obtain shareholder approval for a portion of the placement. A
general meeting is scheduled for early September.
The largest participant in the placement is "Resource Capital Fund VI
L.P.", contributing AUD 1.75 million. The private equity fund with a mining
specific investment mandate manages a committed capital of AUD 2.04
billion.
The proceeds from the placement (net of offer expenses) will be used to
accelerate and expand the planned explorations projects on Hammer's 100%
owned tenements in the Mount Isa region. This will be in particular
drilling at the company's "Millennium" and "Scalper" projects.
Deutsche Rohstoff will not participate in this placement. Consequently, its
stake in Hammer Metals will be diluted down to approximately 13%. However,
Deutsche Rohstoff still holds a convertible note in the amount of AUD
650,000 bearing an interest rate of 10% p.a. The note will likely be
converted in September at 6 cents per share, lifting the company's stake in
Hammer Metals back up to nearly 18%. Deutsche Rohstoff will therefore
continue to be the largest shareholder of Hammer Metals.
A detailed press release can be found on Hammer's website http://
www.hammermetals.com.au.
Heidelberg, 1 August 2016
Deutsche Rohstoff identifies, develops and divests attractive resource
projects in North America, Australia and Europe. The focus is on the
development of oil and gas opportunities within the United States. Metals,
such as gold, copper, rare earth elements, tungsten and tin complete our
portfolio. For more information please visit www.rohstoff.de.
Contact:
Deutsche Rohstoff AG
Thomas Gutschlag
Tel. +49 6221 871 000
[email protected]
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01.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Deutsche Rohstoff AG
Friedrich-Ebert-Anlage 24
69117 Heidelberg
Germany
Phone: 06221-87100-11
Fax: 06221-87100-22
E-mail: [email protected]
Internet: www.rohstoff.de
ISIN: DE000A0XYG76, DE000A1R07G4,
WKN: A0XYG7, A1R07G
Indices: Entry Standard (Performance TOP 30)
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Stuttgart, Tradegate Exchange; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News Service
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488107 01.08.2016
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