Ardiden Ltd.: Extends Closing Date of SPP Offer
![Ardiden Ltd.: Extends Closing Date of SPP Offer](https://www.minenportal.de/media/goldseiten-news.jpg)
With the successful completion of the recent Placement, Ardiden is now fully-funded to continue to rapidly progress the maiden JORC 2012 Mineral Resource drilling program at its majority-owned Seymour Lake Lithium Project in Canada.
The SPP will provide the opportunity for Ardiden shareholders to subscribe for new shares in the Company at the same price as the recent Placement.
The combined funds from the recent Placement and SPP will enable Ardiden to fast-track the due diligence assessments of the newly-optioned Wisa Lake Lithium Project and Bold Properties Cobalt-Copper-Nickel Project, both located in Ontario, Canada.
Further the proceeds will also be used to progress ongoing exploration activities at the Company's Manitouwadge Jumbo Flake Graphite Project, also located in Ontario, Canada and to provide general working capital.
The Company looks forward to providing further exploration updates as they come to hand.
About Ardiden Ltd:
Ardiden Ltd. (ASX:ADV) is an emerging international strategic metals company which is focused on the exploration, evaluation and development of two 100 per cent owned projects located in the established mining jurisdiction of Ontario, Canada.
Contact:
Investors: Brad Boyle
Ardiden Ltd.
Tel: +61-8-6555-2950
Media: Nicholas
Read Read Corporate
Mobile: +61-419-929-046