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European Resources Revises Rights Issue to Raise $3.4 Million Amid Market Volatility
9:42am on Friday 10th of April, 2026 AEST
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European Resources Revises Rights Issue to Raise $3.4 Million Amid Market Volatility
9:42am on Friday 10th of April, 2026 AEST
Key Points
March 2026 rights issue withdrawn due to shareholder feedback and market volatility
New 3-for-7 renounceable rights issue priced at $0.015 per share launched
Offer includes 1-for-1 attaching options exercisable at $0.04 expiring October 2028
Mahe Capital underwriting $1.5 million of the $3.4 million target raise
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European Resources (ASX:ERE)
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