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Hot Chili ends SPP early

26th August 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Copper developer Hot Chili will close its share purchase plan (SPP) early after hitting its A$5-million target.

The ASX-listed company earlier this month announced plans to raise A$40-million through a share placement and SPP to fund the final acquisition payment for the Cortadera copper/gold discovery, in Chile.

The SPP was expected to close on September 10, however, applications for over A$5-million have been received from eligible shareholders, prompting Hot Chili to close the offer early.

“The board of Hot Chili would like to thank all shareholders for participating in the SPP, which was oversubscribed in five days,” said MD Christian Easterday.

“We look forward to delivering on our copper/gold resource growth pipeline in Chile to build long-term shareholder value as we transition Hot Chili into a premier global copper developer.”

Edited by Creamer Media Reporter

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