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Andromeda Metals Limited ( (AU:ADN) ) has provided an announcement.
Andromeda Metals Limited has announced a prospectus for the issuance of approximately 446 million Placement Options, 34.2 million SPP Options, and 13 million Broker Options, all with an exercise price of $0.026. This move is part of their strategic financial offerings to participants in their Placement and SPP, subject to shareholder approval. The issuance aims to enhance the company’s capital structure and provide financial flexibility, potentially impacting their market positioning and offering opportunities for stakeholders.
More about Andromeda Metals Limited
Average Trading Volume: 18,375,653
Technical Sentiment Signal: Hold
Current Market Cap: A$73.83M
Find detailed analytics on ADN stock on TipRanks’ Stock Analysis page.