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Metalicity Limited Completes A$2.3 Million Private Placement

Published: 02/16/2018

Team: Gordon R. Chambers, Stefanie Sebanc, Aimee O'Donnell, Arend J.A. Hoekstra

On February 16, 2018, Metalicity Limited, an Australian exploration company with a primary focus on zinc projects located in Australia, completed a brokered private placement of 52.53 million units, each comprised of an ordinary share and one-half of a 5-year share purchase option (warrant) exercisable at A$0.08 each. The units were issued at a price of A$0.045 each for aggregate gross proceeds to Metalicity of A$2.3 million. Metalicity is listed on the Australian Securities Exchange.

Cassels Brock acted for Metalicity with a deal team that included Gordon Chambers, Stefanie Sebanc, Aimee O’Donnell and Arend Hoekstra (Securities and Mining).