April 4 (Reuters) - Energy Resources Of Australia Ltd (ERA) :
- ANNOUNCES A$369 MILLION RENOUNCEABLE ENTITLEMENT OFFER
- UNDERTAKING A 5 FOR 1 NON-UNDERWRITTEN PRO RATA RENOUNCEABLE ENTITLEMENT OFFER TO RAISE UP TO A$369 MILLION
- ENTITLEMENT OFFER AT OFFER PRICE PER SHARE OF A$0.02
- PROCEEDS FROM ENTITLEMENT OFFER EXPECTED TO FUND PLANNED RANGER PROJECT AREA REHABILITATION EXPENDITURE TO END Q2 2024
- RIO TINTO'S VOTING POWER COULD INCREASE TO UP TO 89.1% IN ERA FOLLOWING COMPLETION OF INTERIM ENTITLEMENT OFFER
- SECURED BINDING PRE-COMMITMENTS FROM RIO TINTO, PACKER & CO AND ZENTREE INVESTMENTS TO SUBSCRIBE FOR A$355 MILLION IN TOTAL
- PROCEEDS FROM ENTITLEMENT OFFER ALSO EXPECTED REPAY RIO TINTO CREDIT FACILITY & COSTS OF ENTITLEMENT OFFER
- TOTAL EXPENDITURE ON RANGER PROJECT AREA REHABILITATION ACTIVITIES FROM 1 JAN TO Q2 2024 ESTIMATED AT A$404 MILLION
- SEES FURTHER FUNDING REQUIREMENTS IN 2024 FOR BALANCE OF REQUIRED RANGER PROJECT AREA REHABILITATION EXPENDITURE
News: RIO Energy Resources Of Australia Announces A$369 Million Renounceable Entitlement Offer
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Last
$118.21 |
Change
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Mkt cap ! $43.88B | |||
| Open | High | Low | Value | Volume |
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|---|---|---|
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