Hammer Metals Ltd (HMX) – $1 million Share Placement

DJ Carmichael has acted as Lead Manager to HMX placement to raise $1 million

Hammer Metals Limited (“Hammer” or “the Company”) (ASX: HMX), is pleased to advise that it has agreed terms for a share placement to sophisticated investors to raise approximately $1 million at $0.02 per share with a 1 for 2 free attaching listed option. The funds will enable the Company to continue with planned exploration activities.

DJ Carmichael Pty Limited acted as Lead Manager to the capital raising.

Hammer executive chairman Russell Davis and director Ziggy Lubieniecki spoke to Proactive Investors in early February 2019 about the Company’s large tenement holding in the world-class Mount Isa Mineral Province, in North West Queensland. The company is simultaneously conducting greenfield exploration activities whilst drilling to establish and grow resources and reserves.

 

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