Mount Logan Capital Inc Announces 2020 Annual Results; Declares Shareholder Distribution leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.
Allegiance Coal (ASX:AHQ) raises $10M to fund New Elk
SubscribeBe the first with the news that moves the market
Allegiance Coal (AHQ) has successfully completed a placement after raising $10 million in total proceeds
The placement enjoyed significant interest from European institutional investors, including new investor Deutsche Balaton
Proceeds from the placement will fund development and production at Allegiance Coal’s New Elk Mine in Colorado
The company is also conducting a share purchase plan, in which shares can be bought at the placement price
Allegiance Coal is up 6.41 per cent and trading at 8.3 cents per share
Allegiance Coal (AHQ) has successfully completed a placement after raising $10 million in total proceeds.
Allegiance Coal (ASX:AHQ) plans upcoming capital raise
Source: 121 Mining Investment Events
Find out more about this capital raiseBe the first with the news that moves the market
Allegiance Coal (AHQ) is going into the weekend in a trading halt while it plans an upcoming capital raise
The company will remain in the halt until February 23 or when an announcement is released, whichever occurs first
Allegiance Coal last entered a trading halt in November regarding a $7.5 million share placement
More than 150 million shares were issued to sophisticated and professional investors at 5 cents
Allegiance Coal used the funds to advance its New Elk Mine in Colorado and to complete the Environmental Assessment Application for the Tenas Project in British Columbia