Australian Pacific Coal Limited (AU:AQC) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Australian Pacific Coal Limited has successfully completed a significant equity raising effort, securing approximately A$16.5 million through institutional placements and entitlement offers, with plans to raise an additional A$3.5 million via a retail entitlement offer. The funds are earmarked to support the Dartbrook Mine project, ensuring full funding for its development and a clear path to commercial production. The company has received strong backing from its major shareholder Trepang Services and other institutional investors, highlighting confidence in the revival of the Dartbrook Mine after 18 years.
For further insights into AU:AQC stock, check out TipRanks’ Stock Analysis page.