Resolute Mining announced AU$140 million underwritten Equity Raising to strengthen balance sheet

Resolute Mining Limited (ASX/LSE: RSG) announced the launch of a fully underwritten institutional placement and a partially underwritten 1-for-1.11 accelerated non-renounceable entitlement offers of new fully paid ordinary shares in the company at an offer price of AU$0.16 per new share to strengthen the company's balance sheet as well as provide  a financial platform for growth.

The Equity Raising includes an underwritten component of AU$140 million. This amount will be used to pay down the RSG’s Syndicated Loan Facility. After this, the company's net debt will be reduced from US$156 million to US$65 million, with US$84 million remaining outstanding on the company's Syndicated Loan Facility.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com