Completion of A$20m institutional placement
Filed with ASX · · 4 pages · English
Summary by 6ix AI
Arafura Rare Earths Limited has announced the completion of a fully underwritten institutional placement to raise funds for its initiatives and working capital needs. The placement will involve the issuance of new shares, with significant institutional interest leading to a two-tranche deal. The first tranche will utilize existing placement capacity, while the second tranche requires shareholder approval. A notice for an extraordinary general meeting will be dispatched to seek approval for the second tranche.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Arafura Rare Earths Limited on 6ix
Story so far
Earlier from Arafura Rare Earths
- Arafura launches A$20m placement and A$7m SPP
- Arafura achieves major debt funding milestone presentation
- Arafura achieves major debt funding milestone
- Arafura confirms German export credit agency support with Euler Hermes untied loan guarantee
- Arafura confirms German ECA support with Euler Hermes
Later from Arafura Rare Earths
- Arafura Rare Earths Limited - COMPLETION OF BOOKBUILD FOR FULLY UNDERWRITTEN A$20 MILLION INSTITUTIONAL PLACEMENT 25/07/2024
- Gas supply agreement with Mereenie JV Partners updated
- Arafura announces MoU with Saskatchewan Research Council
- Completion of Tranche 2 Placement
- Arafura Share Purchase Plan results
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