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Yandal Resources raises more than $3.342 million in non-renounceable rights issue

The company directors announced on June 12 a plan to raise up to $3,342,399 by a pro-rata non-renounceable rights offer to accelerate the Gordon’s project as well as the Mt McClure project in Western Australia.

Yandal Resources Ltd - Yandal Resources raises more than $3.342 million in non-renounceable pro-rata entitlements rights issue
Yandal Resources’ board has a track record of successful discovery, mine development and production

Yandal Resources Ltd (ASX:YRL) has raised more than $3.342 million in its non-renounceable pro-rata entitlements rights issue announced on June 12.

Under the rights issue, eligible shareholders were offered the opportunity to acquire one new share for every five shares held at the record date on June 17 at an issue price of 25 cents per new share.

The board of directors are very pleased with the high level of interest to participate in the issue from existing shareholders and would like to thank them for their ongoing support.

New shares scheduled for allotment July 20

Yandal is now finalising the placement of the 4,871,093 shortfall shares and will advise the market upon completion.

The new shares are scheduled for allotment on Monday, July 20, and are expected to begin ASX trading on a normal settlement basis from Tuesday, July 21.

The results of the entitlement rights issue

Quick facts: Yandal Resources Ltd

Price: 0.24 AUD

ASX:YRL
Market: ASX
Market Cap: $19.25 m
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