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Bindi Metals Ltd. ( (AU:BIM) ) has provided an update.
Bindi Metals Ltd. has announced a fully underwritten pro-rata non-renounceable entitlement rights issue, offering one new listed option for every two existing shares held by eligible shareholders. The offer aims to raise approximately $46,047, although the funds are expected to be less than the costs of making the offer. The entitlement offer is underwritten by CPS Capital Group Pty Ltd, and any entitlements not taken up will form a shortfall offer. The new options will form a new class of option in the company’s capital, with the company applying for official quotation of these options.
More about Bindi Metals Ltd.
Bindi Metals Ltd. operates in the metals industry and is listed on the Australian Securities Exchange under the ticker BIM. The company focuses on offering investment opportunities through options and shares, primarily targeting shareholders in Australia and New Zealand.
Average Trading Volume: 184,797
Technical Sentiment Signal: Sell
Current Market Cap: A$8.29M
See more insights into BIM stock on TipRanks’ Stock Analysis page.