Brief: Paringa Resources Seek Shareholder Approval To Undertake Share Consolidation And Capital Raising

Terra Metals

30/09/2021 03:06

Sept 30 (Reuters) - Paringa Resources Ltd  PNL.AX :
    * SEEK SHAREHOLDER APPROVAL TO UNDERTAKE A SHARE
CONSOLIDATION AND
CAPITAL RAISING TO RECAPITALISE CO
    * ENTERED AGREEMENT TO ACQUIRE 80% INTEREST IN GRANTED
EXPLORATION
LICENSE E08/3197
    * WILL SEEK SHAREHOLDER APPROVAL FOR A 20 FOR 1
CONSOLIDATION OF
ITS SHARES
    * WILL UNDERTAKE CAPITAL RAISING BY SHARE PLACEMENT AND 1
FOR 1
PRO-RATA ENTITLEMENTS ISSUE AT A$0.05/SHARE TO RAISE UP TO
A$5.58 MILLION

Source text for Eikon:  ID:nASX6fhySx 
Further company coverage:  PNL.AX 

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