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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Thomson Reuters Stock Report

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AusNiCo Ltd Announces Rights Issue

Thursday, 25 Jul 2013 10:58pm EDT 

AusNiCo Ltd announced a fully underwritten non-renounceable rights issue to eligible shareholders of two new shares for every five shares held (New Shares), at an issue price of $0.005 per share (Issue Price), to raise approximately $873,651 (before costs) (Rights Issue). The Company intends that the funds raised from the Rights Issue will be used to progress development of the Taronga Tin Project, carry-out work across the Company‚Äôs exploration portfolio, provide working capital, satisfy outstanding Director and Chief Executive Officer (CEO) fees and pay the costs of the Rights Issue. 

Company Quote

0.0010 +16.67%
20 Aug 2014