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Level 5, 126 Philip Street Sydney NSW 2000 GPO Box 5193 Sydney NSW 2001
Tel : 1300 288 664 or +61 2 9698 5414The suspension of trading in the securities of Heavy Minerals Limited will be lifted immediately following the release by HVY of an announcement regarding an update on further royalty funding and a capital raising. | 08/08/2024 |
The Company has completed its Tranche 1 Pre-Paid Royalty Funding raising a total of $2.1M (before costs). The Company has executed a Royalty agreement with Campbell Transport raising $1.25M adding to the previously raised $850K from professional and sophisticated investors. The Company is also awaiting funds from an additional $170K of pending subscriptions. The Company has sold a combined 1.05% Royalty on potential future Gross Production Revenue at its Port Gregory Project. The Company has the right to reacquire 60% of the Royalty from subscribers in staged buybacks if agreed. In addition to the Royalty, Subscribers will be issued one attaching option for each dollar invested in the Royalty. The Tranche 1 Options are unlisted and are exercisable into fully paid ordinary shares at an exercise price of $0.25. All options expire 24 months from the date of their issue. | 08/08/2024 |
The securities of Heavy Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of HVY, pending the release of an announcement regarding an update on further royalty funding and a capital raising. | 05/08/2024 |
listed entity carried for record purposes only | 14/09/2021 |
Purchases Sales
| DATE | DIRECTOR | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|
| 04/10/2024 | Aaron Williams | 47,061 | $0.092 | $4,330.00 |
| 10/05/2024 | Aaron Williams | 52,756 | $0.072 | $3,779.00 |
| 07/05/2024 | Aaron Williams | 18,400 | $0.065 | $1,199.00 |
| 05/04/2024 | Aaron Williams | 80,645 | $0.062 | $5,000.00 |
| 29/01/2024 | Aaron Williams | 10,000 | $0.100 | $1,000.00 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Adam Schofield | Non Exec Chairman, Executive Director | 14/09/2021 |
| Greg Jones | Non Exec Director | 14/09/2021 |
| Aaron Williams | Non Exec Director | 30/08/2023 |
| Stephen Brockhurst | Company Secretary |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|
Date of first appointment, title may have changed.
