The Directors of Trafford Resources have announced the proposed placement of 6,203,486 ordinary fully paid shares, representing 10% of its issued capital, at $0.25 per share ($1,550,871.50) and the proposed issue of 3,101,514 unlisted options exercisable at $0.25 cents ($775,378.50) within twelve months of their date of issue.
The proposed subscriber is Transview Resources, a wholly owned subsidiary of Transview Holdings Limited, a public company listed on the Singapore Stock Exchange.
The Directors of Trafford see synergies with their focus on the exploration for and commercialisation of iron ore, copper, gold and uranium deposits and the connections and objectives of Transview.
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