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Altamin Limited ( (AU:AZI) ) has shared an update.
Altamin Limited has announced an accelerated non-renounceable pro rata entitlement offer to raise approximately A$6.46 million. The offer, which is not underwritten, allows eligible shareholders to purchase 45 new shares for every 100 existing shares at a price of $0.025 per share. The entitlement offer is divided into institutional and retail components, with a top-up facility available for retail shareholders who fully take up their entitlements. This initiative aims to strengthen the company’s financial position and potentially impact the control of Altamin depending on shareholder participation.
More about Altamin Limited
Altamin Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker AZI.
YTD Price Performance: 63.64%
Average Trading Volume: 198,841
Technical Sentiment Signal: Buy
Current Market Cap: A$20.68M
For detailed information about AZI stock, go to TipRanks’ Stock Analysis page.