Alderan Resources Ltd. (AU:AL8) has released an update.
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Alderan Resources Limited has announced an entitlement offer to raise approximately $1.27 million by issuing new shares and options, aiming to enhance exploration and working capital. This capital raise will significantly increase the company’s shares and options on issue. However, shareholders outside Australia and New Zealand are not eligible to participate in this offer.
For further insights into AU:AL8 stock, check out TipRanks’ Stock Analysis page.