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  • 3D Resources (DDD) has received firm commitments from investors to complete a $2.1 million placement
  • More than 1.7 billion shares will be issued to sophisticated and professional investors at a price of $0.00125 each
  • Even though the placement was heavily oversubscribed, 3D Resources has decided to accept the oversubscriptions due to the current market conditions arising from COVID-19
  • The money raised will go towards finalising the company’s acquisition of the Adelong Gold Project in NSW
  • 3D Resources has jumped 33.3 per cent on the market and shares are trading for 0.2 cents each

3D Resources (DDD) has received firm commitments from investors to complete a $2.1 million placement.

Approximately 1,702,900,000 shares will be issued to sophisticated and professional investors at a price of $0.00125 each.

Even though the placement was heavily oversubscribed and closed early, 3D Resources decided to accept oversubscriptions due to the current market conditions arising from COVID-19.

Money raised from the placement will be used to finalise 3D Resources’ acquisition of the Adelong Gold project in NSW. This is expected sometime this month.

The company is already planning first work programs and it has begun hiring technical and compliance personnel to join in overseeing operations at the project.

“The acquisition of the Adelong Gold project represents an important step in the transition of the company on its path to become a producer,” Chairman Ian Hastings commented.

“This acquisition not only provides outstanding value but a wealth of opportunity for the future,” he said.

3D Resources expects the placement to be finalised next week and will make an announcement when that happens.

3D Resources has jumped 33.3 per cent on the market and shares are trading for 0.2 cents each at 1:01 pm AEST.

DDD by the numbers
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