Share Purchase Plan (SPP) Update
November 23rd, 2009
The SPP closed on 20th November 2009 and was significantly oversubscribed.- The SPP offer was for the issue of shares at 40c per share up to a maximum of $15,000 per registered shareholder at the record date of 5pm on Friday 23rd October 2009.
- The Company advises that it is currently in the process of scaling back the applications.
Section 708A Disclosure Statement
October 30th, 2009- Issue of new shares in Pluton Resources Ltd
- Application for quotation of the new shares on the Australian Stock Exchange (ASX)
Completes Acquisition of Irvine Island Iron Ore Project
October 30th, 2009- The directors of Pluton are pleased to advise that the Company has completed purchase of the additional 50% interest in the Irvine Island iron ore project
- Pluton now owns 100% of the project
- Pluton welcomes Cliffs Asia Pacific Iron Ore Pty. Ltd. onto the register as the largest shareholder
Top 20 Shareholders
October 30th, 2009- Top 20 shareholders following Pluton capital-raising
Share Purchase Plan
October 29th, 2009
Under the SPP, you may increase your Pluton shareholding by subscribing for up to $15,000 of PLV shares at $0.40 per share, without any brokerage or other costs. The issue price represents an 8% discount to the average closing price of Pluton shares over the last 5 trading days prior to the announcement of the Placement and SPP.
Quarterly Activities and Cashflow Report
October 29th, 2009Highlights
- Pluton purchases additional 50% of the Irvine Island iron ore project.
- Excellent test results received from beneficiating Irvine lower grade iron.
- JORC compliant inferred resource increased by 315% to 54mt.
- $18.3m raised in oversubscribed placement.
Pluton Completes $18.3M Placement
October 23rd, 2009Highlights
- $18.3m placement at $0.40 per share
- Funds applied to acquire remaining 50% of Irvine Island Iron Ore Project and progress development
- Issue closed oversubscribed which has resulted in a number of new institutions added to the register
- $5m Share Purchase Plan for current shareholders
Pluton Investor Presentation
October 13th, 2009
- Two scoping-level studies have been completed –Snowden Mining Industry Consultants and AMC Consultants Pty Ltd
- The next phase of exploration is targeting up to 130Mt from Hardstaff Peninsula and the Isthmus Region, but could achieve up to 200M.
- An emerging iron ore company moving from exploration to development
Capital Raising Update
October 12th, 2009Pluton is pleased to advise it has appointed Austock Corporate Finance Pty Ltd to advise in relation to the Company’s funding alternatives.
New Data Confirms Irvine Potential
September 30th, 2009Managing Director Mr Tony Schoer said: “This new data confirms our expectations that iron mineralisation extends west and north of the current Inferred Resource on Irvine’s Hardstaff Peninsula, and that the Irvine Island Iron Ore Project is well placed to become a large scale, long life, mining operation”.