Sydney, Australia (ABN Newswire) - Thomson Resources Ltd. (ASX:TMZ) is pleased to announce that it has finalised a placement of new shares to several private investors for a total value of $95,000.
The Placement comprises an issue of 1,900,000 ordinary shares at an issue price of 5 cents per share. The issue price represents a small discount to the volume weighted average price (5.2c) of Thomson Resources shares since the latest drilling results were released on 21 October. Attached is an Appendix 3B for the issue of the placement shares.
The purpose of the new funding is to progress the drilling at the Bygoo tin project where outstanding drill results including 35m at 2.1% Sn, 10m at 2.0% Sn and 13m at 1.0% Sn have been returned from shallow depths in recent drilling (detailed in Thomson's quarterly report for September 2015). The new drilling will be targeted to establish the true width of these mineralised greisens and to extend the footprint of the mineralised zone.
About Thomson Resources Ltd:
Thomson Resources Ltd. (ASX:TMZ) is an NSW active mineral explorer. Thomson has several tin projects (including an advanced project near Ardlethan), as well as gold, copper and zinc targets in a range of settings. Thomson has a good record of discovery, with multiple new Intrusion-Related Gold (gold with copper, lead, zinc, molybdenum, tungsten) systems discovered in the Thomson Fold Belt in the NW of the state.
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Sydney, Australia (ABN Newswire) - Thomson Resources Ltd. (ASX:TMZ) is pleased to announce that it has finalised a placement of new shares to several private investors for a total value of $95,000.
