Astron (ASX:ATR) raised AU$3 million via an institutional placement and launched a pro-rata non-renounceable entitlement offer to raise a further AU$10 million, according to a Friday filing with the Australian bourse.
The entitlement offer is for 1 new CHESS Depositary Instrument for every 12 existing CDIs held on Oct. 22 at an offer price of AU$0.66. All of the company's directors and its second-largest shareholder indicated that they will take up their full rights under the offer, representing roughly AU$7.3 million, the filing said.
The lead managers for the capital raising are Morgans Corporate and Blue Ocean Equities.
Proceeds will be used primarily to prepare for commercial production at the Donald Rare Earth and Mineral Sands project in Victoria, the filing stated.
Price (AUD): $0.69, Change: $+0.0100, Percent Change: +1.47%
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。