Is this deja vu?? The same reasons for the capital raise as in 20/06/2019 when they raised $23.2million for FEED.Transformational Equity Raising
20 June 2019
Key highlights:
Fully underwritten non-renounceable entitlement offer to raise $23.2m
New funding will be used to accelerate development of the Nolans Project as Arafura aims to become Australia’s next fully integrated neodymium-praseodymium producer
Welcoming of Talaxis Limited, a specialist rare earths project developer, as a strategic sub- underwriter which has agreed to sub-underwrite $7.2 million of the entitlement offer
Appointment of Patersons Securities Limited as Lead Manager and Underwriter
Potential for Talaxis and Arafura to work together on strategic funding alternatives and product
supply chain solutions
Time for a new board - one that cares about shareholders!
Ann: A$40 Million Share Placement with Strong Support, page-76
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