Paringa completes book build

PARINGA Resources has completed a book build and received commitments for a placement of 102 million shares at an issue price of A52c per share to institutional and sophisticated investors to raise $53 million.

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Paringa completes book build Paringa completes book build Paringa completes book build Paringa completes book build Paringa completes book build

Proceeds from the placement will be used to construct its Poplar Grove Coal Mine located in the Western Kentucky region of the Illinois Basin in the US and for working capital.

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