Admiralty Resources NL Announces $7 Million Capital Raise

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

Admiralty Resources NL is set to raise up to $7 million before costs through a 1 for 1.63 non-renounceable rights issue, with shares priced at $0.007 each. The offer, not registered under the Corporations Act nor lodged with ASIC, is primarily targeting eligible shareholders in Australia, New Zealand, Hong Kong, Singapore, and China, and will close on October 28, 2024. Investors are urged to consult professional advisors and consider the company’s past performance, which is not indicative of future results.

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