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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

0.0070
0.0010 +16.67%
20 Aug 2014