Dateline Resources (ASX:DTR) announces $4.2M rights issue for exploration

Dateline Resources unveiled the details of a $4.2 million rights issue to support exploration, complete a mine planning study, and reduce debt.

The non-renounceable rights issue is partially underwritten and offers new shares at an issue price of 1 cent per share to eligible shareholders.

Funds raised will be allocated to further gold and rare earths exploration at the company’s Colosseum Project, completion of a mine planning study, debt reduction, and general working capital purposes.

The rights issue is open to all eligible shareholders until June 17.

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