12
Oct
03:21
CZR raises funds for Pilbara iron ore project
Australian miner CZR Resources is undertaking a renounceable entitlement issue to raise a maximum of AUD 8.4 million ($5.24m). This will be used to advance exploration and development activities at its iron ore and gold projects in the Pilbara region of Australia, Kallanish notes.
The company plans to offer eligible shareholders the opportunity to acquire one new share for every five shares held at the record date under the renounceable entitlement issue. This wil…
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