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Central Iron Ore Launches $2.89M Rights Offering to Fuel Key Projects
3:51pm on Tuesday 16th of December, 2025 AEDT
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Mining
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Central Iron Ore Launches $2.89M Rights Offering to Fuel Key Projects
3:51pm on Tuesday 16th of December, 2025 AEDT
Key Points
Rights offering priced at $0.072 per unit including one share and one warrant
Warrants exercisable at $0.12 until October 2030, transferable but unlisted
Gross proceeds targeted at approximately $2.89 million
Funds allocated to South Darlot JV, British King Mine drilling, loan repayment, and working capital
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