Brief: Allegiance Coal Ltd Announces Launch Of Accelerated Renounceable Entitlement Offer
05/10/2022 02:28
Oct 5 (Reuters) - Allegiance Coal Ltd AHQ.AX :
* LAUNCH OF ACCELERATED RENOUNCEABLE ENTITLEMENT OFFER
* LAUNCHES ACCELERATED RENOUNCEABLE ENTITLEMENT OFFER TO
RAISE UP
TO A$33.6 MILLION
* OFFER AT OFFER PRICE OF A$0.05 PER SHARE
* PROCEEDS OF CAPITAL RAISING TO BE APPLIED TOWARDS
EQUIPMENT
PURCHASES AND REFURBISHMENT AT BLACK WARRIOR AND NEW ELK MINES
Source text for Eikon: ID:nASX3n46LS
Further company coverage: AHQ.AX
((Reuters.Briefs@thomsonreuters.com;))
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