Malabar Resources Limited announced that it will issue 88,888,889 common shares at a price of AUD 1.8 per common share for gross proceeds of AUD 160 million on February 7, 2024. The transaction will include participation from returning investor New Hope Corporation Limited for 58,333,333 common shares for proceeds of AUD 105 million. New Hope Corporation Limited will invest AUD 76 million via placement allocation, and will increase the stake from 15% to a pro-forma 19.9% in the company, and will invest AUD 29 million for a conditional placement allocation subject to the company's shareholder approval, and would increase the stake to approximately 23% in the company.