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The latest update is out from Carnavale Resources Limited ( (AU:CAV) ).
Carnavale Resources Limited has announced a pro-rata non-renounceable entitlement issue to raise approximately $4.09 million. This offer is fully underwritten and aims to strengthen the company’s financial position. Additionally, the company plans to hold an annual general meeting to seek shareholder approval for a consolidation of its issued capital on a 15-to-1 basis, which will take effect after the entitlement issue, if approved.
More about Carnavale Resources Limited
Carnavale Resources Limited is a company listed on the Australian Securities Exchange (ASX) that operates in the resources sector. The company focuses on the exploration and development of mineral resources in Australia, aiming to enhance its market position through strategic initiatives.
Current Market Cap: A$31.55M
See more data about CAV stock on TipRanks’ Stock Analysis page.