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Pioneer Resources extends in-the-money Share Purchase Plan following positive response

Published: 03:21 06 Oct 2017 BST

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The company has interests in Australia and Canada

Pioneer Resources Ltd (ASX:PIO) has extended the Share Purchase Plan (SPP) by one week until Monday 16th October 2017.

Pioneer said the response has been positive and the company continues to receive application enquiries so the extension will ensure that all eligible shareholders have ample time to submit their applications and are able to participate.

The SPP is priced at $0.014 and in-the-money, with Pioneer last trading at $0.017.

The fundraising is designed to undertake additional exploration and drilling for caesium and lithium at the wholly-owned Pioneer Dome Project in Western Australia.

Funds will also be allocated to other projects such as the Kangan Project in the western Pilbara region.

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