Clara Resources Announces Share Purchase Offer

Aus Tin Mining Limited (AU:C7A) has released an update.

Clara Resources Australia Limited is launching a non-renounceable rights issue to raise approximately $1.67 million by offering eligible shareholders the opportunity to purchase 2 new shares for every 3 they own at $0.01 each. The funds are intended to repay a bridging finance related to the Ashford Coking Coal Project, cover the costs of the rights issue, and provide working capital. The offer, managed by Cerberus Investments Pty Ltd and not underwritten, is open to shareholders in select countries, with an application process available online.

For further insights into AU:C7A stock, check out TipRanks’ Stock Analysis page.