Highlights Hot Chili Secures A$31.9 Million Funding to Accelerate Costa Fuego Copper Hub A$24.9 million private placement to institutional and professional investors An additional A$7 million raised in Share Purchase Plan to all existing eligible shareholders at the same offer price as the Placement Funding facilitates completion of the Costa Fuego Pre-Feasibility Study, completion of the Water Supply Business Case Study [...]
Hot Chili Ltd. is pleased to announce the appointment of Ryan Finkelstein as Chief Financial Officer effective 15 July 2024. Mr Finkelstein will take over from Ms. Le Moignan who has been Interim CFO. Hot Chili's Managing Director and CEO, Christian Easterday Comments "Ryan is a well accomplished finance executive who is energetic and passionate and is a sound financial operator who thinks strategically. I look forward to [...]
Highlights Hot Chili and its partner, Chilean iron ore company Compania Minera del Pacifico , have established a new water company called "HW Aguas para El Huasco SpA" Hot Chili holds an 80% interest in Huasco Water and CMP holds a 20% interest, in-line with the two company's ownership interest in "Sociedad Minera El Águila SpA" , holder of all critical water assets for the development of Hot Chili's Costa Fuego [...]
The Directors of Hot Chili Ltd. advise that at the General Meeting of shareholders held today, all resolutions were passed on a poll. In accordance with Listing Rule 3.13.2 and section 251AA of the Corporations Act, details of both the poll and valid proxy votes received, are shown on the following page. By order of the board Hot Chili Limited Carol Marinkovich Company Secretary Enc Contact: Mr Christian Easterday [...]
Hot Chili Ltd. is pleased to announce the appointment of Deborah Le Moignan as interim Chief Financial Officer effective 1 July 2024. Ms Le Moignan has recently been appointed Financial Controller and succeeds Penelope Beattie who stepped down to pursue other career opportunities. Ms Le Moignan is an experienced Certified Practicing Accountant with over 24 years' experience, including 14 years in global mining businesses [...]
PERTH, Australia, June 26, 2024 /CNW/ - Hot Chili Ltd. advises of the resignation of Ms Penelope Beattie as Company Secretary and Chief Financial Officer effective 1 July 2024 and is pleased to announce the appointment of Mrs Carol Marinkovich as interim Company Secretary for the Company, effective 1 July 2024. Carol has over 25 years' experience in the mining industry. She has extensive experience in Company Secretarial [...]
Management to Host Investor Webinar to Outline its Plans and Milestones for 2024 Hot Chili Ltd. advises that further to its announcement on 21 May 2024 regarding the early closure of its Share Purchase Plan , the Company is pleased to provide shareholders with the results of the SPP and some further information on the scale-back methodology and expected processing dates for refunds. The SPP was strongly supported by [...]
Oversubscribed and Closing at 5pm AWST Tuesday 21st May 2024 Hot Chili Ltd. is pleased to announce that due to overwhelming support of the Company's Share Purchase Plan , it has decided to close the SPP at 5.00pm today, Tuesday, 21 May 2024. The Company will apply the scale- back conditions accordingly as per the terms set out in the offer document for the SPP dated 10 May 2024. Applications for over A$5 million have been [...]
Positioning for Near-Term, Meaningful, Copper Production Hot Chili Ltd. is pleased to announce that it has closed its previously announced private placement to institutional, professional, and other investors consisting of the issue of 24,900,000 new fully paid ordinary shares at an offer price of A$1.00 per Share for aggregate gross proceeds of approximately A$24.9 million . Veritas Securities Limited and Cormark [...]
Positioning for Near-Term, Meaningful, Copper Production Highlights A$24.9M private placement received strong demand from Australian, Canadian and overseas institutional investors, as well as existing shareholders Company to undertake a share purchase plan to eligible existing shareholders under the same offer price as the placement to raise up to an additional A$5M Upon completion of the capital raise, the Company will [...]
Hot Chili is pleased to announce it has engaged joint lead managers to undertake a capital raising by way of a placement of shares to institutional, professional, and other investors to raise up to A$29.9 million. Proposed Placement The Company has appointed Veritas Securities Limited and Cormark Securities Inc. as joint lead managers and BMO Capital Markets, as co-manager, to raise up to A$29.9 million on a "best [...]
Hot Chili Ltd. is pleased to announce that it has filed financial reports for the quarter ended 31st March 2024. The complete report is available under the Company's profile at www.asx.com, www.sedar.com and on Hot Chili's website . Highlights include: Costa Fuego Indicated Copper-Gold Resource Increases to Approx. 798 Mt Mineral Resource has seen a 6% increase in copper-equivalent1 contained metal in the Indicated [...]