Thomson Resources (ASX: TMZ) is undertaking a 1 for 1 Non-Renounceable Entitlement Offer (Offer) at $0.002 per new share to raise approximately A$1.74M.
Use of Funds
• Further work across the company’s project portfolio
• Review value accretive projects
• Working capital
PAC Partners Securities Pty Ltd advised on the Offer and will act as Lead Manager and Underwriter.
Board Changes
Executive Chairman David Williams has resigned as Executive Chairman and Director of Thomson due to personal reasons, effective immediately.
Non-Executive Director Richard Willson has been appointed as Non-Executive Chairman of Thomson, effective immediately.
Thomson has appointed new Non-Executive Director, Craig Sharpe to the Board.
Mr Sharpe has a BCom in Economics & Finance, an MBA and is a graduate of the AICD. He has +25 year’s experience in finance across Asia Pacific including FX, institutional, retail, corporate & management. This includes a large network of investor & industry professionals across the Asia Pacific region. He has advised and worked with many companies in relation to IPO’s, raising capital and planning.
He has significant experience in senior management roles, running private client businesses and more recently, spent the past 11 years at Macquarie and Bell Potter. Mr Sharpe is also currently a Non-Executive Director of Lightning Minerals. He has a 7.5% interest in the underwriting of the Offer by way of a sub-underwriting agreement with PAC Partners.
“The board of Thomson Resources would like to thank David for his significant service to the Company and wishes him well in his future endeavours. We welcome Craig to the Thomson team; the Board is delighted he has agreed to join the company,” Chairman, Richard Willson, said.
Sale of Bygoo Tin Project
As part of its strategy to rationalise its project portfolio where value can be created for shareholders, the company has sold its non-core Bygoo Tin Project for A$600,000 cash.
For further information please visit: https://www.thomsonresources.com.au/
