Thomson Resources (ASX: TMZ) has entered into an A$2,250,000 Share Placement Agreement with Lind Global Fund II, LP.
Under the Agreement, the company is to receive a net amount of A$2,182,500 (after deduction of commitment fees payable to Lind of $67,500).
The funding under the Agreement will enable the company to continue to progress its New England Fold Belt Hub and Spoke Strategy, which is focused on bringing together New Economy Metals, principally silver, in a number of deposits located in northern New South Wales and southern Queensland, Australia.
“Lind has been there supporting us in previous placements and have therefore become familiar with Thomson Resources and its New England Fold Belt Hub and Spoke Strategy,” Executive Chairman, David Williams, said. “To now have Lind supporting us with a direct investment as a meaningful stakeholder is fantastic.
“The structure of the Share Placement Agreement is quite innovative and provides us with quite a controlled environment for the holding of the shares issued under the Agreement with a lock up and subsequent substantial restrictions on selling shares.
“This support and flexibility it provides is very important as we reach the crucial stage of completion of the Central Processing Facility Pathway Stage 1 Study.
Jeff Easton, Founder of The Lind Partners, said the company is pleased to be investing in Thomson Resources for a third time and becoming a meaningful stakeholder.
“We have watched what the Thomson team has achieved in such a short period with its silver Hub and Spoke Strategy which is culminating with the Pathway Study which we hope will bring it all together and deliver growth and shareholder value for all Thomson shareholders.” For further information please visit: https://www.thomsonresources.com.au/