Flinders seeks cash to repay debt

IRON ore hopeful Flinders Mines has launched a capital raising to raise around A$9.4 million.

Flinders seeks cash to repay debt Flinders seeks cash to repay debt Flinders seeks cash to repay debt Flinders seeks cash to repay debt Flinders seeks cash to repay debt

Drilling at the Pilbara iron ore project

The raising will be conducted via a one-for-25 non-renounceable rights issue.

The issue price is 7c, representing a 23.7% discount to Flinders' 30-day volume-weighted average price and a 16.

 

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