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Iluka to raise $A353m

MINERAL sands miner Iluka Resources is seeking to raise around $A353 million in new equity through a pro-rata entitlement offer, to fund development of the Jacinth-Ambrosia project in South Australia’s Eucla Basin.

MiningNews.Net
Iluka to raise $A353m

The funds will be raised through a four-for-seven accelerated renounceable entitlement offer to shareholders, the company said in a statement. Iluka shareholders can subscribe for new shares at a price...

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