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Caravel Minerals Ltd Raises $1.74 Million From Rights Issue


Friday, 28 Jun 2013 04:34am EDT 

Caravel Minerals Ltd announced that it received entitlement and shortfall acceptances under its recently completed Rights Issue totalling 115,982,326 shares, raising gross proceeds of $1,739,735 (before costs). The Rights Issue was conducted on the basis one new share for every three shares held at an issue price of 1.5c per share with a one-for-one free attaching option exercisable at 3.5c expiring on May 31, 2016. The Rights Issue was partially underwritten by the Lead Managers, Cygnet Capital Pty Ltd. 

Company Quote

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1 Aug 2014