Arafura Rare Earths LimitedASX: ARU

Arafura Launches Underwritten Share Purchase Plan

· Issued by Arafura Rare Earths Limited

Filed with ASX · · 3 pages · English

Summary by 6ix AI

Arafura Rare Earths Limited has announced a Share Purchase Plan to raise funds for its Nolans Neodymium Praseodymium Project and general working capital. The plan is underwritten by Patersons Securities Limited and offers eligible shareholders the chance to purchase new shares at a discount without incurring brokerage fees. Eligible shareholders can apply for a specified amount of new shares, with the offer being non-renounceable, meaning unclaimed entitlements cannot be transferred. The SPP booklet and application forms will be sent to eligible shareholders shortly, with a closing date for applications set for early December.

Written by 6ix AI from the company’s filing. How 6ix writes summaries

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