Hastings Rare Metals to raise A$2.8m from rights issue
Published: Wednesday, 28 May 2014
Although the company reported net losses in the second half of last year, the funds raised from the rights issue would help to further develop Hastings’ Western Australia prospects, one of which is yet to complete JORC testing.
ASX-listed Hastings Rare Metals Ltd, has issued over 74m new
shares in a bid to advance its Western Australia-based rare
A pro rata non-renounceable rights issue of new shares on the
basis of two new shares for every five shares held by eligible
shareholders on the record date,...