Energy Resources of Australia Ltd. Class A (AU:ERA) has released an update.
Don't Miss out on Research Tools:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Energy Resources of Australia Ltd (ERA) has concluded its shortfall bookbuild for a non-underwritten entitlement offer, raising AUD $766.5 million to support the Ranger Project Area’s rehabilitation efforts. Despite no bids for the shortfall shares at the offer price, shareholders applied for additional shares, which will start trading on the ASX on 22 November 2024. This funding aims to sustain ERA’s rehabilitation activities until the third quarter of 2027.
For further insights into AU:ERA stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- Boeing (NYSE:BA) Layoffs Expand, Start Hitting Multiple Factories
- Microsoft’s (NASDAQ:MSFT) New Computer is Exclusively a Cloud Machine
- Walmart (NYSE:WMT) Warns About Tariff-Driven Price Hikes
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
