COMPANY ACTIVITY

Resource raises $134.2m

RESOURCE Pacific resumed trading today after successfully raising $A134.2 million from selling 83...

Staff Reporter

The initial four-for-nine accelerated renounceable entitlement offer will combine with a second retail component that will be launched on November 8 in a bid to raise revenue further to a total of $165 million.

The fully underwritten entitlement offer was announced as a means of the company paying off debt and investing in assets for its sole producing operation, the Newpac mine in the Hunter Valley of New South Wales.

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