Successful Institutional Placement and Shareholder Placement

Hawsons Iron is pleased to announce the successful completion of an approximately $2.25 million Placement via the issue of around 69 million shares at $0.033 per share. The Placement offer price of $0.033 per fully paid ordinary Hawsons share (the Offer Price), represents a 13.2% discount to the last traded price of Hawsons shares on 19 April 2024 of $0.038 per share, and a 27.4% discount to the 5-day volume-weighted average price (VWAP) per share up to the close of trade on 19 April 2024.

Hawsons Directors have committed $0.25 million to the Placement which is subject to shareholder approval. The Company anticipates holding a shareholder meeting in the first half of June to approve the issue of securities to the Directors. Read the ASX Announcement here.

Trucks working at Hawsons Iron Project site