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Askari Metals Limited ( (AU:AS2) ) has issued an update.
Askari Metals Limited has announced a pro-rata non-renounceable entitlement issue, offering 1 share for every 3 shares held, at a price of $0.01 per share, aiming to raise approximately $1,497,433. The offer includes attaching new options, with unlisted options exercisable at $0.015 and listed AS20B options at $0.022, expiring on December 31, 2028. This initiative is expected to provide additional capital for the company, potentially enhancing its financial flexibility and market positioning.
More about Askari Metals Limited
Average Trading Volume: 3,691,732
Technical Sentiment Signal: Sell
Current Market Cap: A$5.84M
Find detailed analytics on AS2 stock on TipRanks’ Stock Analysis page.