Hawsons Iron Ltd Completes Share Purchase Plan
Key points
- Hawsons Iron Ltd's Share Purchase Plan (SPP) raised $1.23M
- Total of 111.82M shares issued at $0.011 per share
- Directors contributed $90k, issuing 8,181,815 shares
- Funds will be used for test work, surveys, and corporate costs
Full summary
Hawsons Iron Ltd (Hawsons) has successfully completed its Share Purchase Plan (SPP) raising a total of $1.23 million. The SPP resulted in the issuance of 111.82 million shares at $0.011 per share. Additionally, applicants were granted one free attaching option per share, exercisable at $0.015 with an expiry date of 31 December 2027. Hawsons' Directors contributed $90,000 to the SPP, issuing 8,181,815 shares. The issue of 8,181,815 free attaching options to Directors is subject to shareholder approval. The funds raised will be used for finalizing test work, investigating downstream pelletization options, conducting heritage and ecological surveys, and covering SPP costs, corporate costs, and working capital.
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