Jervois unveils $50m capital raise

Dual listed Jervois Global has launched a $50-million capital raising to strengthen its balance sheet, improve liquidity and reduce debt. The $50-million capital raise would include a $25-million fully underwritten 1-for-3.34 accelerated non-renounceable entitlement offer, which will be priced at 6c a share. The offer price represented a 9.1% discount to Jervois’ last closing price.