(NewsDirect)
Azure Minerals Ltd(ASX:AZS, OTC:AZRMF) MD Tony Rovira speaks with Proactive afterannouncing the company has received firm commitments to raise $120million as it looks to accelerate exploration and resource drilling atthe high-grade Andover Lithium Project in Western Australia’s WestPilbara region. In addition to the placement, Azure is seeking toraise $10 million in a share placement plan to existing shareholders,who can apply for up to $30,000 worth of new ordinary shares $2.40 pershare — the same price as the new shares to be issued under theplacement. Rovira says the company is in a strong position toaccelerate exploration and resource drilling at the globallysignificant Andover discovery, as it moves toward a maiden lithiummineral resource targeted in Q1 2024.
Rovira said: “The strong support shown fromboth new and existing institutional investors in this placement istestament to Andover as one of the best lithium exploration projectsglobally.
"Welook forward to further delineating the potential scale of thisexciting discovery.
"On behalf of the Azure Board and management, I wish a warmwelcome to our new shareholders and thank all our existingshareholders for their long-standing support.”
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
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