Nickel Mines (ASX:NIC) announces $231 million equity raise

19May

Nickel Mines (ASX:NIC) announces $231 million equity raise

 

Nickel Mines (ASX:NIC) is seeking to raise $231 million from investors to increase its 60 per cent ownership interests in the Hengjaya Nickel RKEF Project and the Ranger Nickel RKEF Project to 80 per cent.

They are undertaking a fully underwritten 1 for 3.6 entitlement offer an accelerated institutional entitlement offer); and a retail entitlement offer.

The Entitlement Offer will be conducted at $0.50 per New Share representing an 11.5 per cent discount to the last traded price.

Shares in Nickel Mines (ASX:NIC) trading halt – Last traded at $0.57.

Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

06May

Bubs Australia (ASX:BUB) signs supply agreement with Coles

06 May 2020 - Bubs Australia (ASX:BUB) has entered a new supply agreement with Coles Supermarkets for their Bubs Organic Grass Fed Infant Formula.

Read More
15Feb

Crown Resorts (ASX:CWN) CEO Ken Barton resigns

15 Feb 2021 - Crown Resorts (ASX:CWN) Chief Executive Officer and Managing Director Ken Barton has today stepped down from his role of with immediate effect.

Read More
25Jan

Stocks of the Hour: EV Resources, Antilles Gold, Respiri

25 Jan 2024 - A snapshot of the stocks on the move, featuring EV Resources (ASX:EVR), Antilles Gold (ASX:AAU, OTCQB:ANTMF) and Respiri (ASX:RSH; OTCQB: RSHUF).

Read More
11Apr

Stocks of the Hour: Krakatoa Resources, Cosmos Exploration, Vulcan Energy Resources

11 Apr 2024 - A snapshot of the stocks on the move, featuring Krakatoa Resources (ASX:KTA), Cosmos Exploration (ASX:C1X) and Vulcan Energy Resources (ASX:VUL, FSE:VUL).

Read More
11May

Sector Watch: Healthcare – M&A fever on the cards?

11 May 2022 - A snapshot of stocks in the healthcare sector, including Antisense Therapeutics (ASX:ANP), Kazia Therapeutics (ASX:KZA), and Immutep (ASX:IMM).

Read More
14Oct

Stocks of the Hour: Xref, Sunstone Metals, DXN

14 Oct 2024 - A snapshot of the stocks on the move, featuring Xref (ASX:XF1), Sunstone Metals (ASX:STM) and DXN (ASX:DXN).

Read More
17Oct

Bank of Queensland (ASX:BOQ) see 14% decline in FY19 cash earnings

17 Oct 2019 - Bank of Queensland (ASX:BOQ) reports their financial year 2019 cash earnings after tax of $320 million, is down 14 per cent on financial year 2018.

Read More
28May

Strike Energy (ASX:STX) awarded WA government support

28 May 2020 - Strike Energy (ASX:STX) is pleased to announce that the West Erregulla Gas Project has been awarded Lead Agency Status in WA.

Read More
06Mar

Fraser Whineray resigns from the board of Tilt Renewables (ASX:TLT)

06 Mar 2020 - Tilt Renewables (ASX:TLT) has announced the resignation of Fraser Whineray as a non-independent director from the end of this month.

Read More
27Aug

Bega Cheese (ASX:BGA) report strong growth in full year results

27 Aug 2020 - Bega Cheese (ASX:BGA) announced its full year audited results for the financial year ended 30 June 2020 showing statutory profit after tax rose by a huge 384 per cent for the year to $21.3 million.

Read More