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Geopacific completes institutional offer

3rd April 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Junior Geopacific Resources has completed the institutional component of its A$6-million fully underwritten non-renounceable entitlement offer.

The company last week announced the capital raise in the 0.5756-for-1 entitlement offer, priced at 2c a share to fund geological and exploration work.

The institutional component has raised some A$2-million through the issue of nearly 100-million new shares at the offer price, with the shares expected to settle on April 13.

The retail component of the entitlement offer will open on April 6 and will close on April 19, and is expected to raise a further A$4-million.

Edited by Creamer Media Reporter

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