ASX-listed New Century Resources resumed share trading on Thursday after announcing the successful completion of institutional component of its entitlement offer, raising an initial A$5.1-million.
The fully underwritten two-for-seven pro rata accelerated non-renounceable entitlement offer will raise A$27.3-million, and forms part of a greater A$51.1-million capital raise, which would also result in metals miner Independence Group taking an 18.4% stake in New Century for a A$27-million investment.