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Bindi Metals Ltd. ( (AU:BIM) ) has shared 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 at an issue price of $0.001 per option. This initiative aims to raise approximately $46,047, though the funds raised are expected to be less than the costs of making the offer. The entitlement offer is available to shareholders in Australia and New Zealand, with CPS Capital Group Pty Ltd underwriting the offer. Ineligible shareholders, those outside of Australia and New Zealand, will not be able to participate due to regulatory and cost considerations.
More about Bindi Metals Ltd.
Bindi Metals Ltd. operates in the metals industry, focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange under the ticker BIM.
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.