- Jindalee Resources (JRL) has received firm commitments to raise $9 million via a placement of six million shares to sophisticated and professional investors
- The placement also comes at an issue price of $1.50 per new share
- Following the completion of the placement, the company will have a cash balance of approximately $10 million and close to $2.2 million in liquid assets
- The placement has undertaken using the company’s available placement capacity with 1,469,603 new shares issued
- The company expects to issue the new shares on March 19, 2021, with allotment occurring on March 22
- Jindalee Resources is up 11.8 per cent, trading at $1.70
