Brief: Sheffield Resources Undertakes Equity Raising Of Up To About A$30 Mln

Sheffield Resources

28/02/2023 01:40

Feb 28 (Reuters) - Sheffield Resources Ltd  SFX.AX :
    * EQUITY RAISING OF UP TO ABOUT A$30 MILLION (BEFORE
TRANSACTION
COSTS) AT A$0.50 CENTS PER SHARE
    * TO UNDERTAKE  PRO-RATA NON-RENOUNCEABLE ENTITLEMENT OFFER
OF 1
NEW SHARE FOR EVERY 14 SHARES HELD BY ELIGIBLE SHAREHOLDERS
    * EXECUTED BINDING AGREEMENT, PROVIDING CO WITH OPTION TO
ACQUIRE
INITIAL 20% INTEREST IN SOUTH ATLANTIC MINERAL SANDS PROJECT

Source text for Eikon:  ID:nASX7jxX77 
Further company coverage:  SFX.AX 

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