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Carnavale Resources Limited ( (AU:CAV) ) has shared an announcement.
Carnavale Resources Limited has announced a pro-rata non-renounceable entitlement issue, offering one share for every four shares held at a price of $0.004 per share, with the aim of raising up to $4,090,218. This offer is fully underwritten by Canaccord Genuity and is being conducted on a pre-consolidation basis, with a proposed capital consolidation pending shareholder approval. The announcement highlights the company’s strategic financial maneuver to strengthen its capital base, although the offer is considered highly speculative. The impact on stakeholders includes potential dilution of share value, but it also presents an opportunity for existing shareholders to increase their investment at a discounted rate.
More about Carnavale Resources Limited
Current Market Cap: A$20.45M
For a thorough assessment of CAV stock, go to TipRanks’ Stock Analysis page.