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Sept 30 (Reuters) - Paringa Resources Ltd (PNL) : SEEK...

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    30/09/21
    12:10
    Post #: 56462567

    Sept 30 (Reuters) - Paringa Resources Ltd (PNL) :

    • SEEK SHAREHOLDER APPROVAL TO UNDERTAKE A SHARE CONSOLIDATION AND CAPITAL RAISING TO RECAPITALISE CO
    • ENTERED AGREEMENT TO ACQUIRE 80% INTEREST IN GRANTED EXPLORATION LICENSE E08/3197
    • WILL SEEK SHAREHOLDER APPROVAL FOR A 20 FOR 1 CONSOLIDATION OF ITS SHARES
    • WILL UNDERTAKE CAPITAL RAISING BY SHARE PLACEMENT AND 1 FOR 1 PRO-RATA ENTITLEMENTS ISSUE AT A$0.05/SHARE TO RAISE UP TO A$5.58 MILLION
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