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Akora Resources Ltd. ( (AU:AKO) ) has shared an update.
Akora Resources Ltd. has announced a pro rata, non-renounceable rights issue to raise approximately $2,085,229 by offering up to 24,532,106 new shares to eligible shareholders in Australia and New Zealand. This move aims to strengthen the company’s financial position, although ineligible shareholders, such as those outside the specified jurisdictions, will not be able to participate in this offer.
More about Akora Resources Ltd.
Akora Resources Ltd. operates in the mining industry, focusing on the production of higher-grade iron ore, which is essential for greener steel production. The company is listed on the Australian Securities Exchange under the ticker AKO and is primarily involved in the exploration and development of iron ore projects.
Average Trading Volume: 93,985
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$14M
Learn more about AKO stock on TipRanks’ Stock Analysis page.