A metals and mining sector company, New Century Resources Limited (ASX:NCZ) revealed that the Company has completed its $23.775 million placement to IGO Limited as part of the subscription agreement announced on 21 April 2020.
Under this placement, 158,500,000 new fully paid ordinary shares in the Company were issued to IGO at an issue price of $0.15 per share to raise a total of $23.775 million.
Moreover, shares issued under the placement do not have rights to take part in the Entitlement Offer; however, under the Entitlement Offer, IGO has committed to a $3.225 million priority sub underwriting commitment.
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