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2,163.90
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46.11
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109.15
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17,093.50
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39,023.71
(0.66%)
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38,797.51
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7,747.81
(1.02%)
USD/AUD
0.6617
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Bitcoin
71,640.19
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78.00
(0.57%)
Gold
2,163.90
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46.11
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Iron Ore
109.15
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17,093.50
(3.05%)
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39,023.71
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38,797.51
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7,747.81
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0.6617
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71,640.19
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78.00
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2,163.90
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46.11
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109.15
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17,093.50
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39,023.71
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38,797.51
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7,747.81
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0.6617
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Bitcoin
71,640.19
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Oil
78.00
(0.57%)
Gold
2,163.90
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Lithium
46.11
(4.37%)
Iron Ore
109.15
(1.77%)
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17,093.50
(3.05%)
Dow Jones
39,023.71
(0.66%)
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38,797.51
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7,747.81
(1.02%)
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0.6617
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71,640.19
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78.00
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2,163.90
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46.11
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109.15
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17,093.50
(3.05%)
Dow Jones
39,023.71
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38,797.51
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0.6617
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78.00
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2,163.90
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46.11
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109.15
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78.00
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46.11
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109.15
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17,093.50
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39,023.71
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38,797.51
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0.6617
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71,640.19
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109.15
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46.11
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109.15
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39,023.71
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0.6617
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71,640.19
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Oil
78.00
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Gold
2,163.90
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46.11
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Iron Ore
109.15
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Hang Seng
17,093.50
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Dow Jones
39,023.71
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Nikkei 225
38,797.51
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FTSE 100
7,747.81
(1.02%)
USD/AUD
0.6617
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71,640.19
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78.00
(0.57%)
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2,163.90
(-0.1%)
Lithium
46.11
(4.37%)
Iron Ore
109.15
(1.77%)

Boab Metals (ASX: $BML) enters at-the-market subscription agreement

Boab Metals Limited announces at-the-market subscription agreement


Boab Metals Limited (ASX: $BML) has entered into an At-the-Market Subscription Agreement (ATM) with Acuity Capital, providing the company with up to $5,000,000 of standby equity capital over a 38-month period to 31 January 2027. Boab has full discretion regarding the issuance of shares, minimum issue price, and timing of each subscription. There are no obligations to utilize the ATM, and Boab may terminate it at any time without cost or penalty. The agreement does not restrict Boab from raising capital through other methods.

Executive Commentary on At-the-Market Subscription Agreement


The Board of Directors have authorized the agreement with Acuity Capital, providing Boab Metals with flexibility in accessing standby equity capital. This arrangement allows us to maintain financial flexibility and provides an additional avenue for capital if needed. We appreciate the support from Acuity Capital and believe this agreement aligns with our strategic objectives.

Summary of At-the-Market Subscription Agreement


Boab Metals Limited (ASX: $BML) has entered into an At-the-Market Subscription Agreement with Acuity Capital, offering up to $5,000,000 of standby equity capital over a 38-month period. The company has full discretion over the issuance of shares, minimum issue price, and timing of each subscription. The agreement does not impose any restrictions on Boab raising capital through other methods. As part of the agreement, Boab has placed 9,000,000 fully paid ordinary BML shares as security for the ATM. The company has also issued a cleansing notice regarding the Collateral Shares. Boab Metals Limited, a Western Australian based exploration and development company, is currently focused on developing the Sorby Hills Lead-Silver-Zinc Joint Venture Project in WA. The company owns a 75% interest in the Joint Venture with the remaining 25% interest held by Henan Yuguang Gold & Lead Co. Ltd. The Sorby Hills project, located in the East Kimberley, has established infrastructure and existing permitting, allowing for fast-tracked production.

Sourcehttps://announcements.asx.com.au/asxpdf/20231222/pdf/05yvsldmljb768.pdf

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