Energy Resources of Australia Resumes $880M Entitlement Offer

Energy Resources of Australia Ltd. Class A (AU:ERA) has released an update.

Energy Resources of Australia Ltd has announced the resumption of its Entitlement Offer to raise approximately $880 million, following a review by the Takeovers Panel. The offer, which involves a pro-rata renounceable issue of new shares, is scheduled to open on October 23, 2024, and close on November 13, 2024. The company aims to strengthen its liquidity position, which currently stands at $77 million.

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