Australian Pacific Coal Limited (AU:AQC) has released an update.
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Australian Pacific Coal Limited has successfully completed a significant equity raising effort, securing approximately A$16.5 million through institutional placements and entitlement offers, with plans to raise an additional A$3.5 million via a retail entitlement offer. The funds are earmarked to support the Dartbrook Mine project, ensuring full funding for its development and a clear path to commercial production. The company has received strong backing from its major shareholder Trepang Services and other institutional investors, highlighting confidence in the revival of the Dartbrook Mine after 18 years.
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