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Nickel Mines Announces Successful Completion of Retail Entitlement Offer

11 Jun 2020  |  08:56:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Successful Completion of Retail Entitlement Offer

Nickel Mines announced the successful completion of the retail component (Retail Entitlement Offer) of its fully underwritten 1 for 3.6 accelerated pro-rata non-renounceable entitlement offer (Entitlement Offer) that was announced on 19 May 2020. The institutional component of the Entitlement Offer closed on 20 May 2020 and raised A$179m at A$0.50 per New Share. The Retail Entitlement Offer closed on 9 June 2020 and raised A$32m, implying a take-up rate by eligible retail shareholders of 60%.

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