PERTH – Junior Walkabout Resources is hoping to raise A$33.17-million in a rights issue to complete construction of its Lindi Jumbo graphite mine, in Tanzania.
The issue price represented a 48.8% discount to Walkabout’s last closing price on May 30, and a 36.5% discount to its theoretical ex-rights price.The funds raised would enable Walkabout to fully fund the construction and commissioning of the Lindi Jumbo project in the first quarter of 2023, ahead of a ramp-up of graphite production.
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