Latest Asset Sale News

Centrex Limited has initiated a $10.4 million Entitlement Offer to fund the critical Stage 1.5 Expansion of its Ardmore Phosphate Project, aiming to boost production capacity to 625ktpa. The company highlights the pivotal role of this capital raise in securing operational continuity amid notable financial and logistical risks.

Centrex Limited has announced a $10.4 million entitlement offer to eligible shareholders, aiming to strengthen its financial position and support ongoing operations at the Ardmore phosphate mine. The offer is critical amid recent debt restructuring agreements with Aurizon and NAB.

Wellard Limited has disclosed the binding sale of its last livestock vessel, the M/V Ocean Drover, for US$50 million, with plans to return the net proceeds to shareholders pending approval.

VIP Gloves Limited reports a sharp decline in quarterly sales receipts as it invests heavily in restarting manufacturing operations, while legal proceedings continue to loom.

VIP Gloves Limited reports modest net operating cash flow for September 2024 and outlines plans to restart manufacturing by year-end, supported by asset sales and improved market conditions.

Spartan Resources has completed the sale of its Glenburgh and Egerton gold projects to Benz Mining for $1 million in cash, a 15% equity stake, and potential contingent payments. This strategic move allows Spartan to sharpen its focus on its high-grade Dalgaranga Gold Project while maintaining influence through board representation at Benz.

Centrex Limited has initiated a $10.4 million entitlement offer to fund essential plant upgrades and strengthen working capital, following a strategic logistics debt restructuring. The raise is pivotal for advancing the Ardmore phosphate project and maintaining financial viability.

True North Copper Limited (ASX: TNC) has been reinstated to trading following the appointment of voluntary administrators, signaling a critical juncture for the copper miner’s future.