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Fyi Resources Limited (Fyi) Receives First Funds (AU$3.13m) From AU$80m International Fund Arranged By Bluemount Capital (WA)

Key Points

  • International fund takes initial stake in FYI with $3.13m opening investment.
  • BlueMount Capital (WA) arranged $80m facility for FYI.
  • Strategic investment directed at progressing development of FYI High Purity Alumina
    (HPA) project.
  • Placement provides long term major shareholder support.

BlueMount Capital is pleased to announce FYI will receive the first investment from the $80m equity facility it arranged for FYI, with an initial placement of $3.13m. FYI is listed on the Australian Securities Exchange (ASX code: FYI).
The placement of $3.13m is via an issue of 9.3 million shares at a price of 33.67 cents each calculated according to the terms of the capital commitment facility, under FYI’s current ASX Listing Rule 7.1A placement capacity to raise gross proceeds of $3,131,310.

For more information on BlueMount Capital please contact:

About BlueMount Capital

BlueMount Capital (WA) Pty Ltd is a member of BlueMount Capital Group in Australia with offices in Perth, Sydney, Melbourne, and Brisbane. BlueMount Capital provides corporate finance and advisory services covering private equity, corporate bonds, Sukuk, M&A, IPO, and RTO.

About FYI Resources Limited

FYI Resources is developing a long life fully integrated high quality, high purity HPA production project for both general and traditional markets. FYI’s objective is to position itself to be a significant producer of HPA within these rapidly developing markets which include applications in LED, electric vehicles, smartphone, and television screens as well as other associated high-tech product markets.