ERA Completes Share Issue, Rio Tinto Increases Stake

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

Energy Resources of Australia Ltd (ERA) has completed a non-underwritten entitlement offer, issuing new shares that will begin trading on the ASX. Rio Tinto, a major shareholder, will hold approximately 98.43% voting power in ERA after the issuance. ERA will keep shareholders updated on any further developments.

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