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
$113.62 |
Change
1.260(1.12%) |
Mkt cap ! $42.17B | |||
| Open | High | Low | Value | Volume |
| $112.70 | $113.70 | $112.21 | $140.8M | 1.240M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20 | $113.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $113.69 | 700 | 1 |
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| RIO (ASX) Chart |