Hot Chili Ltd. advises that it has issued an aggregate of 408,917 ordinary shares of the Company at a deemed value of A$1.6665 per Ordinary Share to certain holders of convertible notes of the Company, who elected to convert their Convertible Notes in accordance with the terms thereof. The Convertible Notes were issued by the Company on the terms set out in a trust deed dated May 25, 2017 and varied June 19, 2017. The [...]
Hot Chili Ltd. is pleased to announce the execution of an Offtake Agreement with Glencore for future copper concentrate production from the Company's Costa Fuego copper-gold project in Chile. The Glencore offtake agreement covers 60% of copper concentrate from Costa Fuego for 8 years from start of commercial production and is on arms-length commercially competitive benchmark terms. Glencore is Hot Chili's largest [...]
Hot Chili Ltd. is pleased to announce that the TSX Venture Exchange has accepted for listing up to 10,900,000 ordinary share purchase warrants of the Company for trading on the TSXV. The Warrants were issued on February 28, 2022 upon the conversion of warrant receipts of the Company that were issued in connection with the Company's initial public offering of units in Canada . For more information about the Offering [...]
Hot Chili Ltd. announces that Non-Executive Chairman Murray Black will be retiring from the Board of Hot Chili effective 1st March 2022. Experienced mining and global capital markets professional, Dr Nicole Adshead-Bell has been appointed as the Company's Independent, Non-Executive Chairman, following her earlier election to the Board in January. Murray has contributed significantly during his time as Chairman since [...]
Hot Chili Ltd. is pleased to announce that final drill results from its Cortadera copper-gold discovery have been received allowing for a global resource upgrade of the Company's combined Costa Fuego coastal copper development in Chile. Highlights · Updated copper models confirm a new higher-grade core at Cuerpo 3 and material expansion of both high grade and bulk tonnage mineralisation at the Cortadera copper-gold [...]
Highlights Hot Chili Completes CAD$33.8 Million Capital Raising and Share Consolidation • Strong demand underpinned by several international and North American institutional investors, and some of Hot Chili's largest shareholders including Glencore • Share consolidation complete and funds secured for 18 months of drilling and development studies to advance the Company's Costa Fuego copper-gold development project in Chile [...]
Christian Easterday, Chief Executive Officer, Hot Chili Ltd.. and his team joined Dean McPherson, Head, Business Development, Global Mining, Toronto Stock Exchange, to celebrate the Company's new listing on the TSX Venture Exchange and open the market. Hot Chili Ltd. is a mineral exploration company with assets in Chile. The Company's flagship project, Costa Fuego, is the consolidation into a hub of the Cortadera porphyry [...]
Hot Chili Ltd. advises of the resignation of Lloyd Flint as Company Secretary and Chief Financial Officer effective after the General Meeting on 31stJanuary 2022. Hot Chili would like to thank Mr Flint for his significant contribution to the Company and wishes him all the best for the future. Hot Chili advises that Penelope Beattie has been appointed Chief Financial Officer and Company Secretary. About Hot Chili [...]
Hot Chili Ltd. is pleased to announce the commencement of negotiations for the final critical infrastructure item required for the development of the Company Costa Fuego copper development hub in Chile. The Company has executed a Letter of Intent with Puerto Las Losas SA to negotiate a port access and port services agreement for PLL's facilities located at Huasco, approximately 50km west of Costa Fuego's proposed [...]
Hot Chili Ltd. advises that with respect to the quarter ended 31 December 2021, the Company has paid to the holders of convertible notes issued on 22 June 2017 and 8 September 2017, interest in the amount of A$139,616.60 by the issue of 82,043 ordinary shares of the Company at a deemed issue price of A$1.70101 per Ordinary Share. In addition, Hot Chili has issued 38,224 Ordinary Shares at a deemed value of A$1.6665 per [...]
New drill results from the Cortadera copper-gold porphyry deposit in Chile confirm growth of shallow resources at both Cuerpo 1and 2. These include: CRP0148 - 156m grading 0.4% CuEq*, 0.1g/t gold from surface, including 32m grading 0.6%CuEq*, 0.2g/t gold from 90m depth CRP0183 - 80m grading0.4% CuEq*, 0.1g/t gold from 10m depth including 12m grading0.6%CuEq*, 0.1g/t gold from 44m depth CRP0178 - 72m grading0.4% CuEq [...]
Hot Chili Limited today announced the successful closing of its Canadian initial public offering. An aggregate of 21,567,286 units of the Company were distributed at a price of C$1.55, of which 2,445,000 Units were exercised under the underwriters' over-allotment option. Each Unit consist of one ordinary share of the Company and one-half of one Ordinary Share purchase warrant receipt. Each full Warrant Receipt is [...]
