Over a third of the company's shareholders participated in the offering, leaving underwriter Austock Finance to pick up 917 million shares at 1c each.
The company has offered existing shareholders 1.
MELBOURNE-based Austindo Resources has raised almost $A17.7 million ($US16.3 million) through a rights issue to its shareholders which will be used to start production at its Cibaliung gold project in Indonesia.
Over a third of the company's shareholders participated in the offering, leaving underwriter Austock Finance to pick up 917 million shares at 1c each.
The company has offered existing shareholders 1.
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