Australian Potash Limited ( (AU:APC) ) has shared an announcement.
APC Minerals Limited recently concluded a pro-rata renounceable entitlement offer, aiming to raise $1,933,363. The offer was fully underwritten, but only 25.58% of the shares were subscribed, resulting in a shortfall of 127,633,176 shares. The company has notified the underwriter about the shortfall and plans to issue and allot the new shares and options by April 9, 2025. This move reflects APC’s strategic efforts to bolster its capital structure, although the low subscription rate indicates potential challenges in investor confidence.
More about Australian Potash Limited
APC Minerals Limited is a company operating in the mining industry, focusing on mineral exploration and development. The company is listed on the Australian Securities Exchange under the ticker ASX: APC.
Average Trading Volume: 969,133
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$3.22M
Find detailed analytics on APC stock on TipRanks’ Stock Analysis page.