2017-09-23
This completes the first stage of the company’s $6 million equity raising, revealed earlier this week.
Bass has raised circa $3 million from the placement to institutional and sophisticated investors and circa $0.8 million from the accelerated one-for-six non-renounceable entitlement offer.
The funds raised will be used towards the final payment for the acquisition of the Graphmada Mine in Madagascar, its refurbishment expenditure and exploration of graphite and lithium prospects.
Bass is continuing to make progress towards refurbishing the Graphmada mine with the aim of re-commissioning this calendar year as a profitable producer of high purity graphite concentrates.
Sponsored by: ACRI (The Association of China Refractories Industry), Tangshan YinNaiLian E-Business Co., Ltd.
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