Arafura Rare Earths (ASX:ARU) said its latest share purchase plan opened on Wednesday after the lodging of the associated prospectus with the Australian Securities and Investments Commission, according to a same-day filing with the Australian bourse.
In May, the company disclosed a share purchase plan to generate about AU$25 million priced at AU$0.26 apiece as part of a broader capital raising initiative. The offer is set to close on July 7.
Arafura Rare Earths shares gained 4% in recent Wednesday trade.
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