Brief: Australian Rare Earths Says it Received Commitments For Placement To Raise A$8.1 Mln
01/06/2022 02:40
June 1 (Reuters) - Australian Rare Earths Ltd AR3.AX :
* FIRM COMMITMENTS FROM INSTITUTIONAL AND SOPHISTICATED
INVESTORS
FOR A PLACEMENT TO RAISE A$8.1 MILLION
* PLACEMENT PRICE OF A$0.44 PER SHARE
* PROCEEDS OF PLACEMENT WILL BE UTILISED FOR FURTHER
RESOURCE
DEFINITION DRILLING, METALLURGICAL TEST WORK, OTHERS
Source text for Eikon: ID:nASX3k0H0M
Further company coverage: AR3.AX
((Reuters.Briefs@thomsonreuters.com;))
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