Syndicated Metals Ltd Announces Share Placement

Syndicated Metals Ltd announced that it has completed a Share Placement to professional and sophisticated investors to raise AUD 2.85 million to underpin the continued exploration and evaluation of its portfolio of copper-gold projects surrounding Mt Isa in North Queensland. The Placement will be undertaken in two tranches. Tranche 1 comprises the issue of 13,500,000 fully paid ordinary shares at AUD 0.07 per share to raise AUD 945,000 to professional and sophisticated investors comprising new shareholders, existing major shareholders and clients of Blue Ocean Equities, and will be completed using the Company's 15% placement capacity. Tranche 2 comprises the issue of 27,137,000 fully paid ordinary shares at AUD 0.07 per share to raise AUD 1.90 million to the same participants as Tranche 1, as well as Directors and senior managers of the Company.