Shaw and Partners appointed as Lead Manager to the equity capital raising by Black Cat Syndicate Limited News01 Oct 2019

Black Cat Syndicate Limited (ASX: BC8) is undertaking a placement of approx. 11.6 million new securities to raise up to $5.0 million.

 

Shaw and Partners has been appointed as Lead Manager to the placement.

 

The offer price of $0.43 per security represents a 5.5% discount to last close of $0.455 as at 30 September 2019 and a 6.5% discount to a 15 day VWAP of $0.46 as at 30 September 2019.

 

The offer is available to Australian resident Sophisticated and Professional Investor clients only.

 

For more information please contact your Shaw and Partners Adviser.

 

About Black Cat Syndicate

Black Cat Syndicate is focused on advanced exploration and development of the high grade Bulong Gold Field located just 25 km east of Kalgoorlie, Western Australia. Bulong has access to excellent infrastructure with a sealed road and mains power running through the project. In addition, there are five regional mills and support services including a workforce readily available.

 

Bulong’s history is one of complex, unconsolidated ownership with small scale production from a number of high grade mines. Records show historic mine production of ~152 koz @ ~1 oz per tonne plus significant alluvial gold nugget recoveries. The high grade Queen Margaret mine last produced in 1913. The now consolidated project, is comprised of ~82 sq kms of mainly granted tenements all 100% controlled by Black Cat. Numerous high grade open cut and underground targets are located on mining leases with drill ready targets. Hence there are low barriers to exploration and mining.

For more information please visit www.blackcatsyndicate.com.au

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