APC completes capital raise
PERTH (miningweekly.com) – ASX-listed Australian Pacific Coal (APC) has completed the retail component of its accelerated non-renounceable entitlement offer, announced earlier this year.
The retail component of the 1-for-4.75 accelerated non-renounceable entitlement offer, which was priced at 11c a share, raised A$2-million, bringing the total capital raised to A$12-million.
A total of 109-million shares were placed during the capital raise, which also included an institutional placement and an institutional component to the accelerated non-renounceable entitlement offer.
Funds raised will be used to provide APC with additional working capital and to fund ongoing works at the Dartbrook mine, ahead of a targeted restart of mining operations in the fourth quarter of this year.
APC has previously noted that the restart of the Dartbrook operation would require a capital investment of up to A$120-million. To date, the company has provided A$20-million through loans to the Dartbrook joint venture.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation