Evolution launches raising

NOW the merger of Conquest Mining and Catalpa Resources is complete, Evolution Mining is embarking on a $A152.5 million raising to strengthen the new entity’s balance sheet.

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The company launched a 3-for-17 accelerated renounceable entitlement offer to all eligible shareholders at an offer price of $1.45, a 15.7% discount to the closing price of $1.72 yesterday.

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