PERTH (miningweekly.com) – Coal developer Tigers Realm Coal has completed the institutional component of its entitlement offer, raising an initial A$17.2-million.
The company earlier this week announced plans to raise up to A$43.5-million through an accelerated renounceable rights offer to fund the construction and commissioning of its coal handling and preparation plant (CHPP) in Russia.
The 1-for-1.4 rights issue has been priced at 0.8c a share.
Tigers Realm on Friday announced that the retail entitlement offer will open on December 21, and will close on January 4.