https://www.engineeringnews.co.za

Talga aims to raise $12.3m for Europe graphene push

5th June 2017

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Perth-based technology minerals company Talga Resources on Monday said it had received binding commitments for a share placement to raise $12.3-million.

The proceeds from the placement, which is due to settle on June 9, will be used towards commercial, processing, product development and mineral development programmes in Europe, as well as for general working capital.

The placement will see the issue of 20.5-million new ordinary fully paid shares at an issue price of $0.60 apiece, being made to a small group of targeted institutions.

Talga MD Mark Thompson noted the support would strengthen the register with new long-term institutional investors. The deal also comprised significant follow-on investment from a range of major shareholders.

“Among other things, the funds will specifically support our continuing production process development and facility scale-up in Germany, expansion of the graphene product development team and facilities in the UK and completion of a prefeasibility study for the Vittangi project [in Sweden],” he pointed out.

The miner’s cash flow budget would now align with a significant potential cash inflow at or before December 2018, when $24-million worth of listed and unlisted options are due to expire.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 
Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.065 1.118s - 140pq - 2rq
Subscribe Now