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Carbine Resources Limited ( (AU:CRB) ) has provided an update.
Carbine Resources Limited has announced a pro-rata non-renounceable rights issue to raise approximately $1,103,476, offering 2 fully paid ordinary shares for every 3 shares held by eligible shareholders. The funds from this entitlement offer will be used for ongoing exploration and development activities at their Muchea West and Down South Silica Sand Projects, as well as for business development and general working capital. Additionally, the company plans to issue 10,000,000 options to Taylor Collison Limited as part of a broker offer.
More about Carbine Resources Limited
Carbine Resources Limited is involved in the mining industry, focusing on exploration and development projects. The company’s primary activities include the Muchea West and Down South Silica Sand Projects, where they are progressing with mining approvals and conducting field reconnaissance, sampling, and auger drilling.
Current Market Cap: A$1.66M
Learn more about CRB stock on TipRanks’ Stock Analysis page.