HCH Closes AU$40 million Placement to Advance Costa Fuego
Hot Chili Limited (ASX: HCH) has completed its previously announced private placement, raising approximately AU$40 million through the issue of 24,242,425 new shares at AU$1.65 per share.
The placement drew strong support from institutional investors across Australia, North America, and international markets, including participation from the Company’s three largest shareholders — Glencore, Blue Spec, and GS Group. Proceeds will be used to progress the Costa Fuego copper-gold project in coastal Chile, including the incorporation of the La Verde discovery and the advancement of environmental approvals, which are expected to be submitted this year.
The transaction was jointly led by Veritas Securities, ATB Cormark Capital Markets, and Desjardins Capital Markets, with BMO Capital Markets appointed as co-manager.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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HCH Closes AU$40 million Placement to Advance Costa Fuego
Hot Chili Limited (ASX: HCH) has completed its previously announced private placement, raising approximately AU$40 million through the issue of 24,242,425 new shares at AU$1.65 per share.
The placement drew strong support from institutional investors across Australia, North America, and international markets, including participation from the Company’s three largest shareholders — Glencore, Blue Spec, and GS Group. Proceeds will be used to progress the Costa Fuego copper-gold project in coastal Chile, including the incorporation of the La Verde discovery and the advancement of environmental approvals, which are expected to be submitted this year.
The transaction was jointly led by Veritas Securities, ATB Cormark Capital Markets, and Desjardins Capital Markets, with BMO Capital Markets appointed as co-manager.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au