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Zijin Mining Agrees To Invest In Xanadu Mines, Kharmagtai Project

Zijin Mining Agrees To Invest In Xanadu Mines, Kharmagtai Project

紫金矿业同意投资世外桃源矿山喀尔马台项目
Benzinga Real-time News ·  2022/04/19 15:50

  • Xanadu Mines Ltd (TSX:XAM) has entered a strategic partnership with$Zijin Mining Group(601899.SH)$ （$ZIJIN MINING GROUP CO.LTD(ZIJMF.US)$）to progress its flagship Kharmagtai Copper-Gold Project.

  • As per the agreement, Zijin will invest in both the Xanadu corporate level and the Kharmagtai project level through a series of transactions commencing with the subscription of 139 million fully paid ordinary shares in Xanadu to provide Zijin with a 9.9% shareholding (phase 1).

  • The Phase 1 Placement will be conducted at an issue price of A$0.04 per share, representing ~a 38% premium to Xanadu's last traded price of A$0.029, and will raise ~A$5.56 million.

  • Two subsequent phases are then proposed, including a second placement to increase Zijin's stake to 19.99% and the creation of a 50/50 JV in Khuiten Metals Pte. Ltd., the entity currently 100% owned by Xanadu that holds a 76.5% effective interest in Kharmagtai (Phase 3 JV), for a cash payment of $35 million.

  • Price Action: XAM shares are trading higher by 27.59% at C$0.037 and ZIJMF higher by 1.72% at $1.77 on the last check Tuesday.

  • 世外桃源矿业有限公司(多伦多证券交易所股票代码：XAM)已与$紫金矿业(601899.SH)$ （$紫金矿业有限公司(ZIJMF.US)$）以推进其旗舰喀尔马泰铜金矿项目。

  • 根据协议，紫金将通过一系列交易投资世外桃源公司层面和喀尔马泰项目层面，从认购世外桃源1.39亿股缴足普通股开始，向紫金提供9.9%的股权(第一阶段)。

  • 第一阶段配售将以每股0.04澳元的发行价进行，较世外桃源0.029澳元的最后交易价溢价38%，将筹集556万澳元。

  • 随后提出了两个阶段，包括第二次配售，将紫金矿业的持股比例提高到19.99%，以及在奎腾金属有限公司创建一家各占50%股份的合资公司。Xanadu目前100%拥有的实体，持有喀尔马泰(第三期合资企业)76.5%的实际权益，现金支付3500万美元。

  • 价格行动：周二尾盘，XAM股价上涨27.59%，至0.037加元，ZIJMF上涨1.72%，至1.77美元。

声明：本内容仅用作提供资讯及教育之目的，不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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