Media ReleasesOGI Group Ltd

View All OGI Group Ltd News

OGI Group Limited, Increase in Underwriting Commitment and Commencement of Trial Mining Program

-  Commitment of an additional $500,000 in Underwriting for the Prospectus
-  Equipment deployed to the Save River Diamonds Project site in Mozambique
-  Commencement of trial mining program
7 January 2015: OGI Group Limited (OGI, the Company), is pleased to announce that it has received an additional $500,000 underwriting commitment for the upcoming $3.5M capital raising by a Prospectus. The total underwritten amount now stands at $1.55M.
As announced to the market on the 11 December 2014, the Company has decided to proceed with the $3.5M capital raising at 20 cents per shares (subject to shareholder approval). The money raised will provide the Company with substantial funds in addition to the funds raised by way of equity loans to progress the Company’s diamond and graphite projects in Mozambique.
For further information please download PDF attached:
Download this document

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.