Carbine Resources Launches Entitlement Offer to Raise Over $1 Million

Carbine Resources Limited ( (AU:CRB) ) just unveiled an update.

Carbine Resources Limited has announced the dispatch of a prospectus for a pro-rata non-renouncement entitlement offer aimed at raising up to $1,103,476. The offer allows eligible shareholders in Australia, New Zealand, China, and Singapore to subscribe for two new shares for every three shares held at a price of $0.003 per share. The funds will support ongoing activities at the Muchea West and Down South Silica Sand Projects. The offer is not underwritten, and any shortfall will be managed in compliance with ASX Listing Rules and the Corporations Act. Directors of the company have expressed their intention to participate in the shortfall, subject to shareholder approval.

More about Carbine Resources Limited

Carbine Resources Limited is a company operating in the mining industry, focusing on silica sand projects. Its primary projects include Muchea West and Down South Silica Sand, and it is engaged in activities to advance these projects.

Current Market Cap: A$1.66M

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