Suvo Strategic Minerals Ltd

Suvo Strategic Minerals Limited (ASX:SUV)

Offer Price

A$0.0480

per share

Offer Size

A$1,500,000

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Suvo Strategic Minerals Ltd

Placement

Suvo Strategic Minerals Limited (ASX:SUV)

SUV

Lead Manager

Offer Price

A$0.0480

per share

Offer Size

A$1,500,000

Placement

Suvo Strategic Minerals Limited

Key Offer Details

Issue Price (Per Share)

A$0.0480

Discount

-6.67%

Offer Size

A$1,500,000

Shares Available

31,250,000

Suvo is raising approximately A$1.5* million via:

  • A placement under the Company’s existing placement capacity in accordance with ASX Listing Rule 7.1 & 7.1A (“Placement” or the “Offer”).

The Offer will be set at an Offer Price of A$0.048 per new share and will result in the issuance of approximately 31.25 million new fully paid ordinary shares in the Issuer (“New Shares”).

New Shares will be offered under the Placement with one free attaching option for every two New Shares issued (“Attaching Options”) under the company’s existing LR 7.1 placement capacity.

Lead Manager: Bell Potter Securities Limited

Use of Funds

Development and commercialisation of low carbon cement business - A$0.85m
General working capital - $0.56m
Costs of the Offer - $0.09m

Board & Management

Aaron Banks

Aaron Banks

Executive Chairman

Aaron Banks is a specialist business consultant with over 20 years’ experience in contract negotiations and business development including senior roles in sales, marketing and construction management. In 2015 as founder & Managing Director of Australian Silica Pty Ltd, Mr Banks discovered one of the largest high grade silica sand resources in the world. Whilst on the Board of Australian Silica he successfully negotiated the sale of Muchea Silica Sand Project to Ventnor Resources Limited that pivoted the former base metals explorer to the emerging silica sand producers known today as VRX Silica (ASX:VRX). In 2020 he vended his private companies into what is Suvo Strategic Minerals today. Aaron has an extensive background in industrial minerals and has focused on developing emerging assets globally.

Mark Pensabene

Mark Pensabene

Non-Executive Director

Mark Pensabene holds a Bachelor of Engineering and Commerce degrees from the University of Western Australia and has over 20 years of operational and management experience in the engineering and construction sectors. Mark spent 18 years with ASX-200 Company, Monadelphous Group, where he held a number of general manager roles. Most recently, Mark was the Executive General Manager & Chief Operating Officer at Primero Group, subsidiary of ASX listed NRW Holdings, a company specializing in the provision of EPC services in the Western Australian and North American mining sectors.

Oliver Barnes

Oliver Barnes

Non-Executive Director

Oliver Barnes has over 25 years’ experience in natural resources and asset development with expertise in carbon, rural development, ESG and clean technology commercialisation. Mr Barnes was previously the Managing Director of an ASX listed land and water developer and held a senior role with an ASX listed phosphate technology company. He holds a Bachelor of Science in Agriculture Business Management.

Suvo Strategic Minerals Ltd

Placement

Suvo Strategic Minerals Limited (ASX:SUV)

SUV

Offer Price

A$0.0480

per share

Offer Size

A$1,500,000

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