Shaw and Partners appointed as Joint Lead Manager to the proposed capital raising by Pacifico Minerals News16 Sep 2020

Shaw and Partners is pleased to be appointed as Joint Lead Manager to the proposed capital raising by Pacifico Minerals Limited (ASX.PMY).

 

The Company is proposing to raise a minimum of $10.0m (with the ability to take over subscriptions of up to $2.0 million), via a placement of up to approximately 555.6m new ordinary fully paid shares at $0.0180 per security.

 

The offer price of $0.0180 represents a 18.2% discount to last close of $0.0220, a 12.3% discount to 5-day VWAP of $0.0205 and a 11.3% discount to 10-day VWAP of $0.0203.

 

Pacifico Minerals will utilise the proceeds of the Offer to complete the Sorby Hills Definitive Feasibility Study, exploration, bring on additional personnel and general working capital.

 

The offer is available to Australian Sophisticated and Professional Investors only.

 

For more information please contact your Shaw and Partners Adviser.

 

About Pacifico Minerals 

Pacifico Minerals is a base metal exploration and development company, primarily focused on its flagship Sorby Hills Project in Kununurra, Western Australia. The flagship Project is the largest undeveloped, near surface lead-silver-zinc deposit in Australia, is 75%-owned by Pacifico & 25% owned by China’s largest lead smelting / silver producer.

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