Medallion Metals Ltd (ASX: MM8) is a resources exploration and development company looking to build a long life, high margin gold business in Australia with the initial focus on advancing the Ravensthorpe Gold Project located in the Goldfields-Esperance region of Western Australia.
With JORC compliant estimates of approximately 674,000 ounces of gold, the Company is focused on advancement of near mine exploration targets and updating the feasibility study completed in May 2020. The intention is to advance to final investment decision, and ultimately production targeting 80,000 ounces per annum.
Medallion also owns the nearby Jerdacuttup Project, which is prospective for base and precious metals, and contains JORC Code compliant Mineral Resources estimates.
The COVID-19 pandemic has caused a wave of discounted capital raisings with ~$56 billion of discounted new shares issued this year.
Share Purchase Plans (SPPs) allow individual shareholders to apply for up to $30,000 in shares at the same discounted price paid by institutions. In the 6 months to 30 June, in-the-money SPPs were issued at an average 11% discount to the ASX closing price on the SPP closing date. But, you must be a shareholder before the SPP is announced.
SPP HarvesterTM gives you access to SPPs by buying you 1-share in 300 of the largest, liquid, operating companies listed on ASX. It will identify and apply for in-the-money SPPs and automatically sell the new securities, efficiently recycling your capital into the next SPP. This automatically harvests the discount for SPPs, with minimum capital outlay, low establishment costs and minimal administration.
The company has advised that they have reached the minimum subscription.
TruScreen Group Limited (ASX: TRU) manufactures and owns all rights to the patented TruScreen Cervical Cancer Screening System. The system uses an AI supported process to detect pre-cancerous and cancerous tissue in real time and is at the forefront of the development of objective opto-electric tissue differentiation. The TruScreen solution aims to improve the wellbeing of women and is ideal for communities that can’t access conventional laboratory dependant screening methods.
The Company’s has distribution agreements in 23 countries with its products sold to China, Vietnam, Russia, Zimbabwe, Mexico, India, and Saudi Arabia. The Company is planning to establish a manufacturing plant in China as this currently accounts for over 50% of sales.
Payment for applications must be made by 5pm, Friday 4 December (AEST)
Sprintex Limited (ASX: SIX) is an Australian based automotive engineering, research, product development and manufacturing company that designs and manufactures superchargers for use in a wide variety of combustion engines. It is currently focused on the development and commercialisation of the Sprintex® twin screw supercharger in the automotive aftermarket and original equipment manufacturer (OEM) market in Australia, USA, Asia, Africa and the Middle East.
The patented Sprintex supercharger plays a key role in reducing fuel consumption and lowering emissions in combustion engines, which is assist in meeting increasingly stringent environmental standards.
Offer closed via OnMarket. All payments for applications must be made by 5pm Friday 27 November.
Payright Ltd (ASX: PYR) specialises in providing merchants in Australia and New Zealand with both in‑store and online buy now pay later (BNPL) solutions for the benefit of their customers, with a focus towards higher‑value and more considered purchase items as opposed to lower value and more impulse‑driven transactions generally associated with other parts of the BNPL sector.
Payright specialises in transactions between $1,000 and $20,000, and offers varied and flexible customer repayment terms of up to 60 months.
OnMarket Bidding Closed
The Zebit, Inc. IPO has successfully closed via OnMarket. Allotment has occurred and the company will list on Monday 26 October at 11:00am (AEDT).
The Native Mineral Resources Holdings Ltd IPO has successfully closed. The company will list on ASX on Monday 16 November at 11:00am (AEDT)
Forbidden Foods Ltd produces healthy food to meet growing consumer demand for differentiated, health-orientated products and has supplied directly to 159 customers and 14 major food manufacturers with access to over 3,500 retailers and 500 food service and QSR customers through its network of 26 distributors.
Manuka Resources Limited is the owner of the Wonawinta silver project and the Mt Boppy gold project, both located in the Cobar Basin region of NSW. The projects are fully permitted with JORC compliant resources and are serviced by the recently refurbished and company owned 850k tpa Wonawita Processing Plant.
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