Iron-ore developer Sundance Resources on Wednesday announced plans to raise up to A$16.5-million through an entitlement offer to fund a number of company activities.
The ASX-listed company would undertake a one-for-one entitlement offer, priced at 0.5c, to raise the capital. For every one new share subscribed, Sundance would also issue one free new option, which would be exercisable at 0.6c each, on or before the end of August 2017.