Variscan Mines Limited ('Variscan' or the 'Company' or the 'Group') (ASX:VAR) is pleased to advise that it has issued 18,611,111 shares at $0.018 each under the placement announced on 9 March 2023, which were approved by shareholders on 18 May 2023.
The Company has also issued 27,361,111 unlisted options which were free attaching on a 1 for 2 basis for the placement shares. These options are exercisable at 2.75 cents each ($0.0275) on or before 15 March 2025.
Contact:
Tel: +61 8 9316 9100
Email: [email protected]
Variscan Mines Limited (ASX:VAR) is a growth oriented, natural resources company focused on the acquisition, exploration and development of high quality strategic mineral projects. The Company has compiled a portfolio of high-impact base-metal interests in Spain, Chile and Australia. The Company's name is derived from the Variscan orogeny which was a geologic mountain building event caused by Late Paleozoic continental collision between Euramerica (Laurussia) and Gondwana to form the supercontinent of Pangea.
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