PERTH (miningweekly.com) – ASX-listed Tigers Realm has completed the shortfall bookbuild to its recent 1-for-1.4 renounceable entitlement offer, which had been priced at 0.8c a share.
The company said on Monday that some 2.8-billion entitlements, representing those not taken up in the retail and institutional entitlement offer, had been offered for sale in the bookbuild.
The bookbuild cleared at 0.8c a share, and some 154-million shortfall shares were sold, bringing Tiger Realm’s total capital raised to A$43.5-million.
Tigers Realm previously said that proceeds from the capital raise would go towards the construction and commissioning of the coal handling and preparation plant at the Amaam project, in Russia, as well as for working capital and transaction costs.