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An update from Aus Tin Mining Limited ( (AU:C7A) ) is now available.
Clara Resources Australia Limited successfully placed approximately 302.2 million shortfall shares from its recent rights issue, raising approximately $0.907 million. The funds will be used to accelerate the Ashford Coking Coal Project and explore new opportunities. The placement was supported by sophisticated investors and managed by Cerberus Advisory. Additionally, Chairman Richard Willson plans to convert $40,000 of outstanding director’s fees into equity, pending shareholder approval, reflecting confidence in the company’s strategy.
More about Aus Tin Mining Limited
Clara Resources Australia Limited, trading on the ASX under the symbol C7A, is involved in the mining industry with a focus on the development of the Ashford Coking Coal Project. The company is committed to advancing its flagship project and exploring new value-accretive opportunities.
Technical Sentiment Signal: Sell
Current Market Cap: A$2.43M
See more data about C7A stock on TipRanks’ Stock Analysis page.