Atrum Coal Limited (ASX:ATU) Announces Successful Entitlement Offer
Entitlement Offer Summary
Atrum Coal Limited (ASX:ATU) reports positive results from its recent Entitlement Offer, raising approximately A$5.8 million. The company will issue roughly 1,449 million shares as part of this offer, with 687.8 million shares applied for by eligible shareholders. An additional 52.5 million shares were applied for under a Top-Up Facility.
The total take-up of new shares from eligible shareholders reached about 51.1%. The offer was fully underwritten by Bell Potter Securities Ltd, along with support from sub-underwriters among domestic investors.
The completion of share issuance is scheduled for 12 December 2024, reinforcing Atrum’s commitment to enhancing shareholder value and maintaining robust financial health. This successful capital raising is a crucial step in the company’s growth strategy.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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