Anson Resources Limited raises AU$50.0 million through the placement

Anson Resources Limited (ASX: ASN) announced that it had received firm commitments from institutional and sophisticated investors to raise AU$50.0 million via a placement. The placement includes the issue of approx. 139 million fully paid ordinary shares at AU$0.36 per new share. The issue price denotes a 15.3% discount to the last closing price of AU$0.425 on 14 September 2022 and a 3.9% discount to the 10-day Volume Weighted Average Price.

The proceeds from the placement will be used to increase the growth of the Paradox Lithium Project towards the Final Investment Decision in Q2 CY23 via the completion of FEED work, permitting, and ordering of long lead procurement items. The funds will also be used for additional Resource Expansion, comprising the implementation of its Western Strategy.

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