Equity raising details and key dates

Australian Pacific Coal Limited (ASX:AQC) is conducting a Retail Entitlement Offer, allowing eligible retail shareholders to subscribe for 1 new share for every 6.16 existing shares at $0.12 per new share. The offer is part of the company's plan to raise $10.4 million and closes at 5.00pm (Sydney time) on 24 October 2024. The offer is non-renounceable and is not available to ineligible retail shareholders. Detailed instructions on how to apply for the new shares and the importance of considering the risks involved before making an investment decision have been provided.

Executive commentary on equity raising and use of funds

The company is pleased to offer eligible retail shareholders the opportunity to participate in the Retail Entitlement Offer. The funds raised, in conjunction with the institutional placement, will be utilized to satisfy the company's share of a subordinated debt facility, meet general working capital requirements, and cover associated fees. We encourage shareholders to carefully consider the risks outlined before making any investment decisions.

Overview and outlook for Australian Pacific Coal

Australian Pacific Coal (AQC) is conducting an equity raising to raise $10.4 million through a Retail Entitlement Offer at $0.12 per share. The funds will be used to satisfy the company's share of a subordinated debt facility, meet general working capital requirements, and cover associated fees. The company's strategic positioning to access Asian export markets and upcoming catalysts, including the MOD8 submission for a 6-year extension and the CHPP wet plant refurbishment, indicate a positive outlook. However, shareholders are advised to carefully consider the risks associated with the investment, including environmental, operational, and market-related factors.