Austindo fills up coffers

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.

Austindo fills up coffers Austindo fills up coffers Austindo fills up coffers Austindo fills up coffers Austindo fills up coffers

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.

loader
  • NEW: Digital version of PNG Report magazine - View here
  • Porgera: Barrick-PNG talks go on - Read more
  • Follow the companies investing in the PNG market - Read more

Most read Regions