▪ Newfield Resources to undertake a 2 for 15 non-renounceable Entitlement Offer at $0.15 to raise approximately $17.6 million (before costs). ▪ Every 2 new Shares under the Entitlement Offer will be accompanied by 1 attaching option exercisable at $0.25. The Company will apply to ASX for quotation of the New Options. ▪ Partial underwriting secured for approximately $7.8 million from Truth Wealth Management VCC – Leading Jaguar Hedge Fund. ▪ Proceeds to support ongoing mine development and pro ( Rest would not copy ( the mine project )
NWF Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
