Brief: Arafura Launches A$350 Mln Placement And A$25 Mln SPP
22/05/2026 02:57
May 22 (Reuters) - Arafura Rare Earths Ltd ARU.AX: ARAFURA LAUNCHES A$350M PLACEMENT AND A$25M SPP HANCOCK TO SUBSCRIBE FOR A$85 MILLION IN PLACEMENT, TO HOLD 17.5% INTEREST PLACEMENT FULLY UNDERWRITTEN EXCEPT FOR HANCOCK COMMITMENT LAUNCHES SPP TO RAISE UP TO A$25 MILLION AT A$0.260 PER NEW SHARE PLACEMENT AND SPP TO RAISE TOTAL GROSS PROCEEDS OF A$375 MILLION Further company coverage: ARU.AX ((Reuters.Briefs@thomsonreuters.com;))
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