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Alara Resources Raises A$3.4m to Repay Trafigura Debt – What’s Next?

10:22am on Tuesday 10th of June, 2025 AEST Mining
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Alara Resources Raises A$3.4m to Repay Trafigura Debt – What’s Next?

10:22am on Tuesday 10th of June, 2025 AEST
Key Points
  • Private placement of 85 million shares at A$0.04 each
  • Funds to repay part of US$3.45 million Trafigura loan
  • Placement to substantial shareholder Al Tasnim Infrastructure and Director Vikas Jain
  • Shares priced at 60% premium to recent VWAP
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