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Pilbara Minerals Announces Completion of Retail Entitlement Offer

14 Jan 2021  |  08:39:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Completion of Retail Entitlement Offer

Pilbara Minerals announced the successful completion of the retail component (Retail Entitlement Offer) of its underwritten 1 for 7.6 pro-rata accelerated non-renounceable entitlement offer of FPO new shares (New Shares) which was launched on 14 December 2020 (Entitlement Offer). The underwritten Retail Entitlement Offer closed on 11 January 2021 and is the final component of the capital raising supporting its acquisition of all of the shares in ALO and the Altura Project. It raised A$60.6m at the offer price of A$0.36 per New Share (Offer Price).

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