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An announcement from Austral Resources Australia Limited ( (AU:AR1) ) is now available.
Austral Resources Australia Limited, a company listed on the Australian Securities Exchange, is set to resume trading following a successful capital raising effort. The company has completed a Placement Offer, issuing 800 million fully paid ordinary shares at $0.05 each, raising a total of $40 million. This development marks the fulfillment of all conditions required for reinstatement to the ASX, potentially enhancing the company’s operational capacity and market presence.
More about Austral Resources Australia Limited
Technical Sentiment Signal: Hold
Current Market Cap: A$84.35M
For an in-depth examination of AR1 stock, go to TipRanks’ Overview page.