Australian Pacific Coal Limited (AU:AQC) has released an update.
Australian Pacific Coal Limited has successfully completed the retail component of its entitlement offer, raising approximately A$3.5 million, with significant participation from its largest shareholder, Trepang Services Pty Ltd. This effort is part of a larger equity raising initiative expected to generate a total of A$10.4 million. The new shares are set to commence trading from November 1, 2024, potentially boosting the company’s financial standing.
For further insights into AU:AQC stock, check out TipRanks’ Stock Analysis page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
