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BRIEF-Eastern Iron says Co will not proceed with a rights issue at this time

Published 08/09/2017, 09:00 am
Updated 08/09/2017, 09:10 am
© Reuters.  BRIEF-Eastern Iron says Co will not proceed with a rights issue at this time
EFE
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Sept 8 (Reuters) - Eastern Iron Ltd EFE.AX

* On 13 June 2017, company announced that as part of a capital raising, it would launch a 1:4 rights issue

* Current cash balance of $1.19m sufficient to meet needs of project evaluation and will not proceed with a rights issue at this time.

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