Seeking Alpha

Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
Proactiveinvestors
My blog:
Proactiveinvestors
  • Gunson Resources Aims To Raise $1.5M In SPP 0 comments
    Feb 18, 2013 8:40 PM

    Gunson Resources (ASX: GUN) has moved the opening of its $1.5 million Share Purchase Plan to 19 February 2013, three days back from the original 14 February 2013.

    The closing date for acceptances of the Plan has also been moved back three days to Tuesday, 12 March 2013.

    Gunson will use the funds to pay for work completed on the Optimisation Study currently being finalised to meet the POSCO/Korean resources investment fund (POSCO SPV) commercial condition required before the POSCO SPV will sign the Coburn Project financing agreement.

    The deadline for meeting this condition is the end of this month and the company is on schedule for meeting it. A release recording the main results of the Optimisation Study will be made towards the end of this month.

    Gunson has a strong focus on advancing Coburn, with an offtake agreement for Coburn chloride ilmenite signed with DuPont on 2 March.

    Coburn is located on Coburn & Hamelin pastoral leases, situated just outside the southeast edge of the Shark Bay World Heritage Property in Western Australia.

    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.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.