Hot Chili Ltd. is pleased to announce the commencement of negotiations for the final critical infrastructure item required for the development of the Company Costa Fuego copper development hub in Chile. The Company has executed a Letter of Intent with Puerto Las Losas SA to negotiate a port access and port services agreement for PLL's facilities located at Huasco, approximately 50km west of Costa Fuego's proposed [...]
Hot Chili Ltd. advises that with respect to the quarter ended 31 December 2021, the Company has paid to the holders of convertible notes issued on 22 June 2017 and 8 September 2017, interest in the amount of A$139,616.60 by the issue of 82,043 ordinary shares of the Company at a deemed issue price of A$1.70101 per Ordinary Share. In addition, Hot Chili has issued 38,224 Ordinary Shares at a deemed value of A$1.6665 per [...]
New drill results from the Cortadera copper-gold porphyry deposit in Chile confirm growth of shallow resources at both Cuerpo 1and 2. These include: CRP0148 - 156m grading 0.4% CuEq*, 0.1g/t gold from surface, including 32m grading 0.6%CuEq*, 0.2g/t gold from 90m depth CRP0183 - 80m grading0.4% CuEq*, 0.1g/t gold from 10m depth including 12m grading0.6%CuEq*, 0.1g/t gold from 44m depth CRP0178 - 72m grading0.4% CuEq [...]
Hot Chili Limited today announced the successful closing of its Canadian initial public offering. An aggregate of 21,567,286 units of the Company were distributed at a price of C$1.55, of which 2,445,000 Units were exercised under the underwriters' over-allotment option. Each Unit consist of one ordinary share of the Company and one-half of one Ordinary Share purchase warrant receipt. Each full Warrant Receipt is [...]
Hot Chili Limited is pleased to announce that further to its announcement 10 December 2021, it has obtained a receipt for its final prospectus from the securities regulatory authorities in the provinces of Canada, excluding Quebec, in connection with its initial public offering on the TSXV. The Offering comprises the previously announced CAD$30M funding (refer announcement 10 December 2021) for the issue of new fully paid [...]