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Australian Potash Limited ( (AU:APC) ) just unveiled an update.
APC Minerals Limited has announced an equity raising initiative through a renounceable entitlement offer, aiming to raise approximately $1,384,776. This offer involves issuing thirteen new shares for every eleven shares held by eligible shareholders in Australia and New Zealand, with a total of 346,193,986 new shares to be issued if fully subscribed. The offer is fully underwritten by Yelverton Capital Pty Ltd, and the company will pay a 6% fee to the underwriter. The impact on company control will depend on investor participation, but if all shareholders subscribe, there will be no material effect on control.
More about Australian Potash Limited
Average Trading Volume: 1,727,632
Technical Sentiment Signal: Sell
Current Market Cap: A$2.93M
See more data about APC stock on TipRanks’ Stock Analysis page.