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Cannindah Resources Limited ( (AU:CAE) ) just unveiled an update.
Cannindah Resources Limited has opened its non-renounceable pro-rata Entitlement Offer, allowing eligible shareholders to purchase one new share for every 2.4 shares held at $0.015 per share, along with a free unquoted option for every two new shares subscribed. This initiative aims to raise approximately $4.55 million, enhancing the company’s financial position and potentially impacting its market operations by providing additional capital for its projects.
More about Cannindah Resources Limited
Cannindah Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction of copper and gold, positioning itself in the market to leverage these commodities.
Average Trading Volume: 799,337
Technical Sentiment Signal: Sell
Current Market Cap: A$18.93M
For detailed information about CAE stock, go to TipRanks’ Stock Analysis page.