Rare earths company Arafura Resources is set to go cap in hand to investors for a $50 million equity injection.
It is understood the minerals explorer has tapped Bell Potter for the raising, which could launch as early as Wednesday.
Arafura Resources shares closed at 32¢ on Tuesday, down 1.5 per cent. The company had a $502 million market capitalisation. Funds raised would be used to continue works at its Nolans Project, a rare earths project in the Northern Territory.co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LIVE: Emma McKeon makes Commonwealth Games historySwimming superstar Emma McKeon has become the most decorated Commonwealth Games athlete in history after winning her 11th gold medal. 9News LATEST:
Read more »
Emma McKeon: the greatest Commonwealth Games athlete of all timeAustralian swimmer Emma McKeon has become the most decorated athlete in Commonwealth Games history, surpassing Susie O’Neill, Ian Thorpe and Leisel Jones.
Read more »
ANZ Bank readies subordinated debt dealAustralia and New Zealand Banking corporation is rounding up investors for a 10-year tier 2 debt wholesale subordinated deal.
Read more »
‘Go home to mum crying on Facetime’: Chalmers ready to leave Birmingham behindKyle Chalmers is ready to get on the first plane out of Birmingham after Saturday night’s incendiary press conference.
Read more »
Celsius Resources, Change Financial, Mighty Kingdom in placementsListed explorer Celsius Resources, payments business Change Financial and game developer Mighty Kingdom were pitching investors for fresh funds on Monday morning.
Read more »
Resources to electrify profits in high-stakes earnings seasonThe ASX’s coal, oil and gas producers are on the cusp of reporting exceptional results in the annual profit season kicking off this week, drawing a line under a volatile year for the sharemarket as it faces a slowdown in growth.
Read more »