Key points
- Ocean will issue 39.6 million contributing shares at $0.10 each, with $0.025 payable on application.
- The one for two non-renounceable issue is aimed at raising $3.9 million.
- Proceeds will finance the company’s Indonesian diamond exploration activities.
- Ocean is planning to start exploration on its onshore Martapura project area in the foothills of the Meratus mountains.
The company plans to raise $3.9 million from a one for two non-renounceable issue of contributing shares to shareholders to finance its Indonesian diamond exploration activities.
Ocean will issue 39.6 million contributing shares at $0.10 with $0.025 payable on application.
The company is planning to start exploration on its onshore Martapura project area in the foothills of the Meratus mountains.
