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Cannindah Resources Limited ( (AU:CAE) ) has shared an announcement.
Cannindah Resources Limited is conducting a non-renounceable rights issue to raise approximately $4.55 million by offering 1 new share for every 2.4 shares held at an issue price of 1.5 cents per share. The offer, fully underwritten by Canaccord Genuity (Australia) Limited, includes attaching options and is considered speculative, with trading of new shares expected to commence on the ASX by September 30, 2025.
More about Cannindah Resources Limited
Average Trading Volume: 593,929
Technical Sentiment Signal: Sell
Current Market Cap: A$13.83M
See more insights into CAE stock on TipRanks’ Stock Analysis page.