Iron Resource plans to issue a rights offering at a discount of approximately 16.39% based on a "2 for 1" ratio to raise up to approximately HKD 326 million
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IRC plans to issue up to approximately 639 million rights shares on a "2 for 1" basis, at HKD 0.51 per share, representing a discount of about 16.39%. This rights issue is expected to raise up to approximately HKD 326 million, with a net amount of about HKD 324 million, of which 68% will be used to repay the principal of MIC loans, 22% for K&S mining operations, and 10% to supplement general working capital
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