trending Market Intelligence /marketintelligence/en/news-insights/trending/2dlzur5r-libruwado6c_a2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Flinders Mines to raise A$5M from entitlement offer

Municipal-Run Fiber Tops 280000 Subscribers In 2018

The Essential Conference 2019 Highlight Reel

Mobile Payment Apps Driving Fintech Frenzy In India

Street Talk Episode 42: Banks losing consumer deposits to fintech, digital platforms, commercial might be next


Flinders Mines to raise A$5M from entitlement offer

Flinders Mines Ltd. said Oct. 7 that it plans to raise about A$5 million from a nonrenounceable entitlement offer at 1.7 cents per share.

The offer, which will comprise about 295 million fully paid ordinary shares on a 1-for-10 basis, will close Nov. 4, with the trading of new shares to start Nov. 14.

There is no shortfall facility as part of the offer, the company noted.

Proceeds will be used to repay the loan from Tio (NZ) Ltd. unit PIO Mines Pty. Ltd., or PIOP, meet the minimum tenement expenditure commitments for PIOP for the next 12 months and provide working capital.