29metals Ltd. (AU:29M) has released an update.
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29Metals Ltd. has successfully completed its retail entitlement offer, raising approximately $26 million through the issuance of 2.5 million new shares at $0.27 each. This finalizes the company’s fully underwritten entitlement offer and institutional placement, which collectively garnered gross proceeds of around $154 million. The new shares are set to begin trading on the ASX on December 30, 2024.
For further insights into AU:29M stock, check out TipRanks’ Stock Analysis page.