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ABx Group Drops Planned Options Issue After Offer Closes With No Uptake

Story Highlights
  • ABx Group cancelled a planned non-pro rata options offer after the cleansing prospectus closed without issuing any options.
  • The withdrawal of the options issue means ABx Group’s expected capital raising from this offer will not occur, leaving its capital structure unchanged.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ABx Group Drops Planned Options Issue After Offer Closes With No Uptake

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ABx Group Limited ( (AU:ABX) ) has shared an announcement.

ABx Group Limited has withdrawn a previously announced proposed non-pro rata offer of options that was to be made under a disclosure document. The company informed the ASX that the cleansing prospectus offer has closed with no options issued, indicating that the anticipated capital-raising via this specific options issuance will not proceed and leaving the company’s existing capital structure unchanged.

More about ABx Group Limited

ABx Group Limited is an Australian-listed company operating in the resources sector. The company is involved in the exploration and development of mineral projects, with its securities traded on the ASX under the code ABX.

Average Trading Volume: 1,346,946

Technical Sentiment Signal: Sell

Current Market Cap: A$21.71M

For detailed information about ABX stock, go to TipRanks’ Stock Analysis page.

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