Tigers Realm raises funds

ASX-listed Tigers Real Coal has completed the institutional component of a near $40-million capital raise to fund the repayment of debt and capital expenditure at its Amaam coal project, in Russia.

The institutional entitlement component of its 13-for-4 accelerated renounceable entitlement offer, which was priced at 1c a share, raised a gross proceed of around A$39.7-million, or $27.3-million.