Successful Completion of Share Purchase Plan
Sydney, Aug 19, 2016 AEST (ABN Newswire) - Broken Hill Prospecting Ltd (
ASX:BPL) is pleased to advise that it has raised A$746,086.25 in connection with the Share Purchase Plan (SPP) announced on 24 June 2016. A total of 107 applications from eligible shareholders were received, corresponding to 9,210,907 new shares expected to be allotted today. Confirmation of the allotment will be mailed with the end of month statements.
Commenting on the SPP, CEO Trangie Johnston said;
"The strong support of BPL shareholders for the SPP allows us to accelerate the Thackaringa Cobalt Project near Broken Hill, NSW, with drilling programs planned to commence next month. This will help us plan development options for this world scale resource at a time when demand for cobalt is strengthening. The Board and I wish to thank all shareholders for their continued support as we enter an exciting phase of developing our assets."
About Broken Hill Prospecting Ltd
Broken Hill Prospecting Ltd (ASX:BPL) is an Australian exploration company focussed on the discovery and development of strategic mineral resources across two primary geographical areas; the Murray Basin Region (Heavy Mineral Sands) and the Broken Hill Region (industrial, base and precious metals, including the Thackaringa Cobalt & Base/Precious Metal Project).
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