ASX:BTRMetals and Mining
A Look At Brightstar Resources (ASX:BTR) Valuation After Its A$175 Million Follow On Equity Offering
Follow on equity offering reshapes Brightstar’s capital base
Brightstar Resources (ASX:BTR) has completed a A$175 million follow on equity offering at A$0.50 per share, issuing more than 350 million new ordinary shares at a A$0.025 discount to the offer price.
The transaction, structured as a subsequent direct listing, includes tranches of 105,602,938 shares, 243,397,062 shares and a further 1,000,000 shares. This materially expands the company’s equity base and gives investors fresh context...