Australian Pacific Coal Limited (AU:AQC) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Australian Pacific Coal Limited has announced a capital raise through a placement to institutional investors and a non-renounceable entitlement offer, aiming to generate approximately A$20 million. The funds will be allocated to cover a subordinated debt facility, general working capital, and associated fees. Unfortunately, retail shareholders outside Australia and New Zealand are ineligible to participate in this offer due to regulatory and cost constraints.
For further insights into AU:AQC stock, check out TipRanks’ Stock Analysis page.