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ActivEX Limited ( (AU:AIV) ) has issued an update.
ActivEX Limited has completed a $100,000 share placement to Business Victor Investments Limited, issuing 6,250,000 fully paid ordinary shares at $0.016 per share. The funds will be directed towards further development of the company’s existing exploration projects and to bolster general working capital, supporting its ongoing operational and exploration activities. The company also confirmed it remains compliant with its continuous disclosure and financial reporting obligations under the Corporations Act, and that the placement was conducted without the need for a prospectus, signalling regulatory confidence in its disclosure record.
More about ActivEX Limited
ActivEX Limited is an Australian exploration company focused on developing its portfolio of mineral exploration projects. The company operates in the resources sector and deploys capital raised from equity markets into advancing existing exploration assets while maintaining sufficient working capital for ongoing corporate activities.
Average Trading Volume: 201,411
Technical Sentiment Signal: Sell
Current Market Cap: A$3.98M
See more insights into AIV stock on TipRanks’ Stock Analysis page.