Admiralty Resources Launches $7 Million Share Entitlement Offer

Admiralty Resources NL (AU:ADY) has released an update.

Admiralty Resources NL has launched a non-renounceable entitlement offer to raise approximately $7 million through the issue of new shares priced at $0.007 each. This initiative aims to bolster the company’s financial standing as it prepares to advance its Mariposa Iron Ore Project in Chile towards production by 2024. The offer is open to eligible shareholders across several countries, with a closing date set for October 28, 2024.

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