Brief: Calidus Resources Says Firm Commitments Received For A$16.5M Via Institutional Placement At A$0.115 Per Share

Calidus Resources

21/03/2024 23:08

March 22 (Reuters) - Calidus Resources Ltd  CAI.AX :
    * FIRM COMMITMENTS RECEIVED FOR A$16.5M VIA INSTITUTIONAL
PLACEMENT AT A$0.115 PER SHARE
    * AGREEMENT WITH MACQUARIE TO RESTRUCTURE HEDGE AND DEBT
ARRANGEMENTS
    * WILL OFFER SHAREHOLDERS TO PARTICIPATE IN SHARE PURCHASE
PLAN TO
RAISE A$3.0M ON SAME TERMS AS PLACEMENT
    * AGREEMENT WITH MACQUARIE RESULTING IN AN ADDITIONAL A$31M
OF
FREE CASHFLOW IN CY24
    * RE-AFFIRMS H2 FY2024 GUIDANCE

Further company coverage:  CAI.AX 

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