Brief: Crater Gold Mining Proposes To Undertake Capital Raising

Crater Gold Mining

10/03/2023 10:35

March 10 (Reuters) - Crater Gold Mining Ltd  CGN.AX :
    * PROPOSING TO UNDERTAKE CAPITAL 
    * PROPOSING TO UNDERTAKE CONSOLIDATION OF CURRENT ISSUED
CAPITAL
ON A 10 SHARES FOR 1 BASIS
    * WILL HAVE RAISED A TOTAL OF UP TO A$22.9 MILLION (BEFORE
COSTS)
FROM CAPITAL RAISINGS
    * CAPITAL RAISING COMPRISE OF FULLY UNDERWRITTEN 1:1
ENTITLEMENT
OFFER TO RAISE A$14.9 MILLION AT A$0.12 PER SHARE
    * CAPITAL RAISING COMPRISE OF PLACEMENT AT A PRICE OF A$0.12
PER
SHARE TO RAISE UP TO A$8 MILLION
    * PROVIDED SUBMISSIONS TO ASX SEEKING CONFIRMATION OF
CONDITIONS
REQUIRED FOR REINSTATEMENT OF SECURITIES TO TRADING

Source text for Eikon:  ID:nASX86HGtH 
Further company coverage:  CGN.AX 

 ((Reuters.Briefs@thomsonreuters.com;))