29metals Ltd. (AU:29M) has released an update.
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29metals Ltd. is set to issue nearly 666.7 million new fully paid ordinary shares through an accelerated offer and a placement. The accelerated non-renounceable entitlement offer is scheduled to resume trading on December 5, 2024, with key dates for retail security holders including a record date on December 6 and an offer closing date on December 19. This move is expected to raise capital and enhance liquidity for the company, enticing investors to keep an eye on its stock performance.
For further insights into AU:29M stock, check out TipRanks’ Stock Analysis page.