Equity raising for up to A$28.3M
Filed with ASX · · 7 pages · English
Summary by 6ix AI
The funding will consist of a two-tranche placement and a non-renounceable entitlement offer to eligible shareholders. The purpose of the offer is to support corporate costs, advance the Baniaka project, and convert existing loans to equity, making the company debt-free.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
In the deck
Earlier from Genmin
- Quarterly Cashflow Report
- Baniaka Mining Permit Received
- Mining Permit update
- Offtake MoU with Baouwu
- US$3m Working Capital Financing Executed
Later from Genmin
- ASX provides conditional approval for reinstatement
- Supplementary prospectus
- Reinstatement to quotation
- Responses to Reinstatement Conditions
- Reinstatement and update
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