Australian Pacific Coal Launches A$20M Capital Raise

Australian Pacific Coal Limited (AU:AQC) has released an update.

Australian Pacific Coal Limited is set to raise approximately A$20 million through a new share placement and a pro rata entitlement offer, aimed at both new and existing investors. The company plans to issue new shares without requiring additional disclosure under certain parts of the Corporations Act, anticipating that the fundraising will not significantly alter control of the company. Funds from this capital raising endeavor will support the continued development of its principal asset, the Dartbrook Coal Mine in NSW.

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