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Altamin Limited ( (AU:AZI) ) just unveiled an update.
Altamin Limited has announced a capital raising initiative to generate approximately $6.46 million through a pro rata accelerated non-renounceable entitlement offer. This offer is structured to provide eligible institutional and retail shareholders the opportunity to acquire 45 new shares for every 100 existing shares. The capital raised will likely support the company’s ongoing operations and strategic initiatives, potentially strengthening its market position and offering growth opportunities for stakeholders.
More about Altamin Limited
Altamin Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in producing and exploring base metals, with a particular emphasis on zinc and lead projects.
YTD Price Performance: 63.64%
Average Trading Volume: 198,841
Technical Sentiment Signal: Buy
Current Market Cap: A$20.68M
Learn more about AZI stock on TipRanks’ Stock Analysis page.