Iron-ore junior Flinders Mines is hoping to raise A$14.52-million through a one-for-six non-renounceable entitlement offer, priced at 2.5c a share.
The entitlement offer would consist of more than 580.86-million shares, and would be issued on the basis of one new share for every six existing shares held, and would be open to eligible shareholders in Australia and New Zealand.