14
Mar
03:04
Red Hawk raises funds for Blacksmith iron ore
Australian miner Red Hawk Mining is raising AUD 12.5 million ($8.27m) through an entitlement offer to fund the Blacksmith iron ore project, Kallanish notes.
The firm says in a statement that the offer involved an equity raising via a 3 for 26 accelerated pro rata entitlement offer of new fully paid ordinary shares.
The entitlement offer will be undertaken at a price of $0.60 per new share, which represents a 6.3% discount to the last close price (as of Monday) o…
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