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and back trading, at $6.70, after pulling in the money at $6.60. Nothing for the little guy.Highlights• Firm commitments received for a $75 million institutional Placement to support the deployment of PhotonAssayTM units and accelerate Chrysos’ growth trajectory• The Placement follows Chrysos’ new global partnership with Barrick Gold and MSALABS, through which Chrysos has the potential to deploy up to 13 PhotonAssayTM units to Barrick mine sites across four continents by the end of 2025• Upon settlement, Chrysos will be well capitalised with a pro-forma 30 September 2023 cash balance of ~$108 million (before costs) and $22 million in undrawn debt capacity• Lenders remain supportive and Chrysos is in advanced discussions to expand its debt facilities• Funds raised strengthen Chrysos’ capital position to meet its near-term contracted deployment profile and provide optionality to expand annual deployment capacity in context with its growing sales opportunity pipeline
and back trading, at $6.70, after pulling in the money at $6.60. Nothing for the little guy.
Highlights
• Firm commitments received for a $75 million institutional Placement to support the deployment of PhotonAssayTM units and accelerate Chrysos’ growth trajectory
• The Placement follows Chrysos’ new global partnership with Barrick Gold and MSALABS, through which Chrysos has the potential to deploy up to 13 PhotonAssayTM units to Barrick mine sites across four continents by the end of 2025
• Upon settlement, Chrysos will be well capitalised with a pro-forma 30 September 2023 cash balance of ~$108 million (before costs) and $22 million in undrawn debt capacity
• Lenders remain supportive and Chrysos is in advanced discussions to expand its debt facilities
• Funds raised strengthen Chrysos’ capital position to meet its near-term contracted deployment profile and provide optionality to expand annual deployment capacity in context with its growing sales opportunity pipeline
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