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General News
18 December, 2024
Astron offer raises $14.5m
A capital raising has generated an additional $14.5 million before costs for the Donald Rare Earth and Mineral Sands Project's parent company.
Astron Corporation announced late last week that it had successfully concluded the exercise, which comprised an institutional placement and a pro rata accelerated non-renounceable entitlement offer.
The new securities were issued on Monday, and trading on the Australian Stock Exchange began on Tuesday.
“(Astron) is delighted with the support from the company’s securityholders through their participation in the entitlement offer, which we feel indicates confidence in the long-term value of the company’s business,” Astron Corporation managing director Tiger Brown said.
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