Matador completed AU$4.5 million placement to advance Newfoundland exploration program

Matador Mining Limited (ASX: MZZ) announced that it had completed a share placement to raise AU$4.5 million. The placement comprised the issue of 36.7 million shares to institutional, professional, and sophisticated investors at an average price of AU$0.123 per share. The company has completed the placement via the two primary tranches, which include hard dollar and flow-through.

In addition to the share placement, the company announced a share purchase plan, in which it will offer the eligible shareholders the opportunity to participate in a share purchase plan at the same issue price as the placement of AU$0.115 per new share. The fund raised via the placement will be used to advance Greenfield exploration targets to drill-ready status and commence inaugural drilling at the high-priority Malachite target area as well as general working purposes.

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