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European Resources Relaunches $3.4M Rights Issue with Mahe Capital Underwriting
10:01am on Monday 13th of April, 2026 AEST
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Mining
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European Resources Relaunches $3.4M Rights Issue with Mahe Capital Underwriting
10:01am on Monday 13th of April, 2026 AEST
Key Points
3-for-7 renounceable rights issue at $0.015 per share with attaching options
Offer partially underwritten for $1.5 million by Mahe Capital
Funds targeted at metallurgical test work and exploration in Finland and Slovakia
Korsnäs resource estimate increased 90% with promising drill and beneficiation results
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European Resources (ASX:ERE)
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