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Balamara Resources Ltd Announces To Raise $5.26million Through Fully Underwritten Renounceable Rights Issue

Thursday, 23 May 2013 06:28pm EDT 

Balamara Resources Ltd announced that it has resolved to undertake a conditional fully underwritten renounceable pro-rata rights issue (Rights Issue) to raise approximately $5.26 million before costs to underpin ongoing exploration, feasibility and business development activities. Under the Rights Issue, all eligible shareholders on the Balamara register at the close of business on 3 June 2013 (the Record Date), will have the right to subscribe for three (3) new shares for every eleven (11) shares held at an issue price of 7.5 cents ($0.075) per share under an offer made in a prospectus which has been lodged with ASIC . 

Company Quote

0.0050 +8.20%
12 Sep 2014