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Atrum Coal Raises A$5.8M as Alberta Trial Looms and Canadian Assets Go on Sale
9:27am on Friday 31st of January, 2025 AEDT
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Mining
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Atrum Coal Raises A$5.8M as Alberta Trial Looms and Canadian Assets Go on Sale
9:27am on Friday 31st of January, 2025 AEDT
Key Points
Completed fully underwritten 1 for 1.83 entitlement offer raising ~A$5.8 million
Legal claim against Alberta government for de facto expropriation proceeding to trial in April 2025
Binding term sheet signed for sale of Canadian subsidiaries Groundhog and Panorama projects
Cash position at A$5.65 million with no debt as of December 31, 2024
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