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Andromeda Metals Limited ( (AU:ADN) ) has shared an announcement.
Andromeda Metals Limited has announced a proposed issue of securities under a securities purchase plan and a placement. The company plans to issue a significant number of new securities, with options exercisable at $0.026, expiring two years after issuance. This move is aimed at raising capital, potentially impacting the company’s financial position and market operations.
More about Andromeda Metals Limited
Andromeda Metals Limited is a company involved in the mining industry, primarily focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange (ASX) under the code ADN.
Average Trading Volume: 9,633,628
Technical Sentiment Signal: Hold
Current Market Cap: A$80.11M
Learn more about ADN stock on TipRanks’ Stock Analysis page.