Archer Exploration

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Share Purchase Plan (SPP)

Closes on Tuesday, 7 June 2016 at at 5pm

Shareholders* have the opportunity to purchase Archer shares at a price of $0.08 per share under the company's Share Purchase Plan (SPP).

The SPP offer closes at 5pm (Adelaide time) on Tuesday, 7 June 2016.

Shareholders who subscribe for shares under the SPP will also be entitled to apply for one FREE attaching unlisted option for every share allotted to them under the SPP. The FREE attaching options will have an exercise price of $0.12 and expiry date of 30 June 2017.

To apply for new shares, funds must be received no later than 5pm (CST) on 7 June 2016.

Click here for further details

* Only shareholders who were on the share register on 10 May 2016 may participate in the SPP.

ASX CODE: AXE

SHARE PRICE $0.072 - CHANGE: $-0.003 - 27/6/2016

Archer Exploration Limited is focused on developing the company's advanced graphite and magnesite projects in South Australia.

Archer is developing a ultra high purity graphite project on the Eyre Peninsula to supply graphite to the burgeoning lihtium ion battery market.

At Leigh Creek the company is developing the world's largest cryptocrystalline magnesite deposit and will be using third party infratsructure to process the magnesite to make a variety of magnesia products for export.

Archer's larger tenement portfolio contains known barite, manganese, gold and copper mineralisation.

  • Featured Project

    Graphite

    Location

    Eyre Peninsula

    Discovery

  • Featured Project

    Magnesite

    Location

    Leigh Creek

    Discovery

  • Featured Project

    Manganese

    Location

    Ketchowla and Salt Creek

    Discovery