PT Bumi Resources Minerals Tbk (BRMS) again plans to increase its capital by providing Pre-emptive Rights of a maximum of 24 billion series B shares and 8.5 billion series III warrants through the issuance of the new shares.

The brief prospectus published on Wednesday (30/6) revealed that to realize the plan, the company will hold an EGMS on August 6, 2021.

The funds obtained from this corporate action are for business development in Gorontalo through a business entity, PT Gorontalo Minerals, and working capital financing for the company's operational activities.

Meanwhile, the funds obtained from the exercise of series III warrants will finance the company's working capital and operations.

The company estimates that the rights issue plan can increase gold, silver, and copper ore reserves from the company's operations, especially in Gorontalo, and increase gold and silver production.

The business development plan is expec