- Funds to be raised to complete the acquisition of the Andash Gold-Copper Project in the Kyrgyz Republic, and includes:
Sale of additional 17.5% interest in Romang Island Project for $5 million
1-for-6 fully underwritten rights issue at 30 cents per share to raise a further $4.41 million – includes free attaching option
- Funding supported by project partner and major shareholder
- Minimal dilution - post rights issue ROL maintains tight capital structure.
Robust Resources Limited (“Robust” or “the Company”) is pleased to announce that it plans to raise $9.41 million to complete the acquisition of the Andash Gold-Copper project in the Kyrgyz Republic, through the sale of a further 17.5% interest in its Romang Island project in Indonesia for $5 million and a 1-for-6 fully underwritten rights issue at 30 cents per share. Under the rights issue, each new share subscribed for will have a free attaching option to acquire one new share for every twelve existing shares held, exercisable at 50 cents per share within two years of the offer closing date.
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