Admiralty Resources NL Launches Capital Raise

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

Admiralty Resources NL is set to raise up to $7 million through a 1 for 1.68 non-renounceable rights issue, with shares priced at $0.0072 each. The offer, not available in the United States, is strictly for eligible shareholders and is set to close at 5.00pm AEDT on 28 October 2024, subject to extension. This financial move aims to bolster the company’s capital, and shareholders are advised to read the offer booklet in full and consult professional advisers if necessary.

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