An announcement from Australian Potash Limited ( (AU:APC) ) is now available.
APC Minerals Limited has announced a pro-rata renounceable entitlement issue to raise up to $1,933,363. Eligible shareholders can subscribe for three new shares for every two existing shares at an issue price of $0.011 per share. This capital raising initiative is aimed at strengthening the company’s financial position and supporting its ongoing operations. The entitlement offer also includes an option for shareholders to apply for additional shares not subscribed for in the initial offer. This move is expected to enhance the company’s market presence and provide additional resources for its strategic initiatives.
More about Australian Potash Limited
APC Minerals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the production and supply of potash, a vital component in agricultural fertilizers, which positions it strategically within the agricultural and mining sectors.
YTD Price Performance: 36.36%
Average Trading Volume: 1,011,652
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$4.39M
See more data about APC stock on TipRanks’ Stock Analysis page.