Hammer Metals share placement raises approximately AUD 2.25 million

Hammer Metals announced today that it has finalized terms for a share placement for the issue of new shares to raise approximately AUD 2.25 million. The placement will consist of approximately 32.2 million shares at 7 cents per share. It will be made in two tranches, as the placement capacity limitations under ASX listing rules require Hammer Metals to obtain shareholder approval for a portion of the placement. A general meeting is scheduled for early September.