Kasbah shakes tin can for funding

Tin hopeful Kasbah Resources is aiming to raise about A$5.2-million through a fully underwritten accelerated nonrenounceable rights issue. Shareholders will be offered one new fully paid ordinary share for every two shares held, at an issue price of 1.5c each. The offer price represents a 7.14% premium to the company’s last trading price on the ASX, and a 4.33% discount to the ten-day volume-weighted average price.