Brightstar Resources Limited (AU:BTR) has released an update.
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Brightstar Resources Limited has revised their initial investment agreement with AustKor, dropping the $4 million equity component and reallocating it to various institutional and professional investors. This adjustment comes as the company continues to pursue debt financing to refurbish its processing plant in Laverton, which will support multiple mine developments. The funding is contingent on completing a definitive feasibility study in 2025, with the placement set to proceed after a shareholder meeting on September 17, 2024.
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