Australian Pacific Coal Secures Full Dartbrook Funding

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

Australian Pacific Coal Limited has announced a comprehensive funding package to fully finance the Dartbrook project, with a US$30 million increase in their Senior Debt Facility and a new A$20 million Equity Raising initiative. The bolstered funding, including significant contributions from major shareholder Trepang Services Pty Ltd, aims to restart mining operations and escalate production ramp-up at Dartbrook. The company’s Equity Raising consists of an institutional placement and a fully underwritten entitlement offer, which together will cover the AQC’s share of the Junior Debt Facility and provide additional working capital.

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