ASX ANNOUNCEMENT (ASX:NIU) 14 October 2016
Niuminco Group Limited (the Company) (ASX: NIU) is pleased to advise that the Company’s Share Purchase Plan (SPP) announced to ASX on 16 September 2016 closed today, 14 October 2016.
The SPP was strongly supported by Shareholders with the Company receiving and accepting applications totalling $828,500, over 10% above the underwritten amount of $750,000.
Under the terms of the SPP the VWAP has been calculated at $0.0070 and shares applied for under the SPP will be issued at a 20% discount to that price, being $0.0056 per share.