Estrella Resources (ASX:ESR) secures underwriting for US$8.3m of existing listed options
Estrella Resources Limited has secured underwriting of existing listed options for US$8.3 million. The underwriting was strongly supported by domestic institutions and high-net-wealth clients. The funds raised will be sufficient to cover the next 12 months of activities undertaken by the company.
Estrella Resources is a Western Australian focused nickel exploration and development company in a tier 1 mining jurisdiction that aims to become a significant Australian nickel producer. The company is currently focused on their Carr Boyd Nickel Project, of which they own 100%, applying modern systematic exploration to better understand the magmatic geology.
Oaklins’ team in Australia acted as lead manager and underwriter to the exercise of existing listed options for Estrella Resources.
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