Alkane reveals plans to raise A$16m for Dubbo

April 25, 2016

Responsive image

ASX-listed Alkane Resources has revealed plans to raise some A$16-million to progress the development of its Dubbo zirconia project, in New South Wales.

Alkane told shareholders on Tuesday that the company would undertake a pro-rata traditional non-renounceable entitlement offer, offering one new share for every five existing shares held, at an issue price of 20c a share.

Category: General