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Akora Resources Ltd. ( (AU:AKO) ) just unveiled an update.
Akora Resources Ltd. has announced a pro rata, non-renounceable rights issue to raise approximately $2.08 million through the issuance of up to 24,532,106 new shares. Eligible shareholders in Australia and New Zealand can subscribe for one new share for every six existing shares at a price of $0.085 per share. The offer is open until September 1, 2025, and aims to strengthen the company’s financial position, potentially impacting its operations and market presence.
More about Akora Resources Ltd.
Akora Resources Ltd. is a company operating in the mining industry, focusing on the production and supply of iron ore. The company is committed to providing cleaner iron ore for greener steel production, indicating a market focus on sustainable and environmentally friendly practices.
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.