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Legacy Iron Ore Ltd announces renounceable entitlement offer to fund growth


Sunday, 6 Jul 2014 06:29pm EDT 

Legacy Iron Ore Ltd:Says three for one renounceable entitlement offer of new legacy iron ore ordinary shares at an offer price of A$0.014 per new share.Total funds of about A$25 mln before offer costs to be raised upon full subscription.Proceeds from entitlement offer will be applied towards ongoing development of Mt Bevan iron ore project, repayment of the A$3 mln Citibank loan facility and further exploration and development work across Legacy Iron’s iron ore and other assets. 

Company Quote

0.0040
-0.0010 -20.00%
31 Jul 2015