Oropa targets Indonesia

GOLD explorer Oropa Ltd will raise around $1.7 million through a renounceable rights offer to raise funds for further exploration of its Pungkut project in Indonesia. The company will offer existing shareholders two new shares for every five shares held at a price of four cents each to raise the money, issuing 41.5 million new shares under the deal. Oropa has also raised $400,000 through the placement of 10 million shares to clients of Patersons Securities Ltd, which will fully underwrite the renounceable rights issue. Patersons will also act as lead manager to the offer, with Stantons International acting as auditors. The company receives legal advice from Williams & Hughes, while Margaret McGuinn will serve as solicitor to the rights issue offer. Rights trading began on April 13, with the closing date for receipt of acceptances being May 9.

Add your comment

BNIQ sponsored byECU School of Business and Law


6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
48 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer