RIO News: Rio Tinto to support ERA’s entitlement offer to raise funds for Ranger rehabilitation - 4th Apr 2023, 9:37am

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MELBOURNE, Australia, April 03, 2023--(BUSINESS WIRE)--Rio Tinto will support Energy Resources of Australia Ltd’s (ERA) recently disclosed plans for an Interim Entitlement Offer (IEO), which seeks to raise up to A$369 million to address funding requirements for the Ranger Rehabilitation Project in Australia’s Northern Territory to the end of Q2 2024.

Rio Tinto, which owns 86.3% of ERA’s shares, has pre-committed to subscribe for its full entitlements under the terms of the IEO, a...

>>> Read more: Rio Tinto to support ERA’s entitlement offer to raise funds for Ranger rehabilitation
 
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