Sign up
Mining Capital

Australian Bauxite shares suspended, looks to material capital raising

au_asx1_350_54726b7fce459.jpg

Australian Bauxite (ASX:ABX) will undertake a material capital raising and its shares have been voluntarily suspended from trading pending an announcement and details.

The voluntary suspension continue until the earlier of the release of the announcement until Wednesday 26 November 2014.

The company is progressing its Bald Hill project into production in Tasmania. It signed a binding term sheet for 50% of future offtake produced from the project with Noble Group to provide $6 million project finance supported by a $2 million stand by facility.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.



Register here to be notified of future ABX Company articles
View full ABX profile View Profile
View All

Related Articles

Lithium cube
The resource exploration and development company looks to supply the rapidly growing lithium-ion battery industry for both mobile devices and laptops, as well as the burgeoning electronic-vehicle industry

© mining Capital 2019

Mining Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed mining companies to interact with institutional and highly capitalised investors.
Headquartered in London, Mining Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.