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Rights Issue Offer Document and Entitlement Form
Rights Issue Offer Document and Entitlement Form
Sydney, Feb 12, 2018 AEST (ABN Newswire) - Hastings Technology Metals Ltd (ASX:HAS) provides the Rights Issue Offer Document and Entitlement Form.

For a non-renounceable pro rata offer to Eligible Shareholders of approximately 39,481,260 Rights Issue Shares at an issue price of $0.31 per Share on the basis of 1 Rights Issue Share for every 17 Shares held to raise approximately $12.2 million before issue costs.

The Offer is fully underwritten. See section 9.4 for details.

To view the document, please visit:
http://abnnewswire.net/lnk/ITI205H1


About Hastings Technology Metals Ltd

Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) is a leading Australian rare earths company, with two rare earths projects hosting JORC-compliant resources in Western Australia.

- The Yangibana Project hosts Probable Reserves totaling 5.15 million tonnes at 1.12% TREO including 0.45% Nd2O3+Pr6O11 within JORC Resources totalling 21.0 million tonnes at 1.17% TREO (comprising Measured Resources of 3.9 million tonnes at 1.19% TREO, Indicated Resources of 8.6 million tonnes at 1.25% TREO and Inferred Resources of 8.4 million tonnes at 1.09% TREO), including 0.40% Nd2O3+Pr6O11.

- The Brockman deposit contains JORC Indicated and Inferred Resources totalling 41.4 million tonnes (comprising 32.3mt Indicated Resources and 9.1mt Inferred Resources) at 0.21% TREO, including 0.18% HREO, plus 0.36% Nb2O5 and 0.90% ZrO2.

- Rare earths are critical to a wide variety of current and new technologies, including smart phones, electric vehicles, wind turbines and energy efficient light bulbs.

- The Company aims to capitalise on the strong demand for rare earths permanent magnets created by expanding new technologies.

 


Contact

Hastings Technology Metals Ltd
WWW: www.hastingstechmetals.com



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