Greenland Mines announces $20m public offering
Nasdaq-listed rare earths developer Greenland Mines has announced a $20-million public offering with new and existing institutional investors for the purchase and sale of four-million shares.
The offer is expected to close on August 27.
The company intends to use the net proceeds from the offering to fund the acquisition of the Sarfartoq project, working capital and other general corporate purposes.
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