Jameson Resources Ltd. raised strategic Placement of AU$10 million

Jameson Resources Ltd (ASX: JAL) has announced that it has obtained a binding commitment from Oceltip Coal 1 Pty Ltd and Oceltip Coal 2 Pty Ltd) for the Placement of 86,615,576 new ordinary shares in the Company for a total subscription of AU$10 million

The Placement will be taken over in two tranches of 43,307,788 shares to raise AU$5 million each (before costs), with the first tranche (Tranche 1) issued on 4 November 2022 and the second tranche (Tranche 2) to be issued approximately three months later in February 2023. both Tranche 1 and Tranche 2 together will hold approximately 19.92% of the total ordinary shares of the Company.

 Raised funds will be used for the following:

• Progression of Crown Mountain Environmental Assessment Application as well as permitting process and engagement with Indigenous Nations.
• Engage with important Asian steelmaking clients of Crown Mountain Hard Coking Coal.
• Engagement with project financers.
• NWP Coal Canada Limited's administration, project management, and corporate expenses.
• Its corporate costs along with the valuation of possible strategic investment or acquisition chances by Jameson

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