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Australian Potash Limited ( (AU:APC) ) has shared an update.
APC Minerals Limited has closed its fully underwritten pro-rata renounceable entitlement offer, which offered shareholders thirteen new shares for every eleven held at an issue price of $0.004 per share, targeting a capital raise of up to $1.38 million before costs. The offer was heavily oversubscribed, attracting applications totalling approximately $2.18 million for 544.6 million new shares, resulting in surplus subscriptions of about $793,435 now being refunded, underscoring strong investor demand and support for the company’s capital-raising efforts while confirming that excess shortfall applications above 100% of individual entitlements will be returned in full.
The most recent analyst rating on (AU:APC) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Australian Potash Limited stock, see the AU:APC Stock Forecast page.
More about Australian Potash Limited
APC Minerals Limited (ASX: APC) is an Australian resources company focused on mineral exploration and development, providing investors with exposure to early-stage mining and resource projects in the Australian market.
Average Trading Volume: 341,443
Technical Sentiment Signal: Sell
Current Market Cap: A$5.68M
Find detailed analytics on APC stock on TipRanks’ Stock Analysis page.