The cash is nice. But — more importantly — the deal should increase awareness of the company among the wider investing community.
StocksDigital aims to build a “high conviction, high performing” ASX small-cap investment portfolio and share their research with their readers who co-invest alongside them, via their investor focused websites.
The share subscription was priced at 6 cents per share — a 18.9 per cent discount to its traded price this week.
Oneview said the deal was timely as it is poised to launch its Cloud product service in Australia and the US.
Initial work will produce 25,000 to 30,000 tonnes of ore from the Ardmore South Deposit “at a reasonable cost”, Centrex said late February.
“Interest has already been shown in purchasing some of this Ardmore production and it is anticipated that demand will increase as the product becomes available,” the company says.
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