Altamin Limited (AU:AZI) has released an update.
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Altamin Limited has launched a retail entitlement offer to raise approximately $8.4 million by issuing new shares at $0.024 each. Funds will be used for the sale process of the Gorno Project and exploration activities at the Lazio Project, among other corporate expenses. Eligible retail shareholders can participate in this offer, which allows them to purchase four new shares for every five existing ones.
For further insights into AU:AZI stock, check out TipRanks’ Stock Analysis page.