Iron Road raises capital to progress Central Eyre iron project

June 15, 2016

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ASX-listed Iron road on Thursday announced it would aim to raise at least $9.23-million from an entitlement offer and institutional placements to advance the Central Eyre iron project, in South Australia, to a final investment decision.
Iron Road announced an one for nine renounceable entitlement offer of new shares at $0.10 a share, and said it would conduct an A$1.05-million institutional placement to certain institutional shareholders, as well as, subject to shareholder approval, a $3.75-million institutional placement to Sentient Executive GP IV.

Category: General