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Tigers Realm Coal Limited (ASX:TIG) shareholders have responded positively to the capital raising launched earlier this week, with the resource company raising $8.9 million.
Tiger aimed to raise between $5 and $10 million at $0.18 per share.
Retail investors will also be given the opportunity to buy up to $15,000 worth of shares.
All funds raised will be used for further development of the company’s coal asset in Russia.
Tigers Realm listed in August last year and generated a net profit of $12.8 million for the 2011 financial year
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