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Carnavale Resources Limited ( (AU:CAV) ) has provided an announcement.
Carnavale Resources Limited has announced the opening of a non-renounceable pro-rata entitlement offer to raise approximately $4.09 million. The funds will be used to accelerate exploration projects, cover the costs of the offer, and provide working capital. The offer is fully underwritten by Canaccord Genuity (Australia) Limited and partially sub-underwritten by company directors. Eligible shareholders, primarily those in Australia and New Zealand, are invited to participate in this offer.
More about Carnavale Resources Limited
Carnavale Resources Limited is a company involved in the exploration and development of mineral resources. The company focuses on accelerating exploration at its various projects, primarily in Australia.
Current Market Cap: A$31.55M
For detailed information about CAV stock, go to TipRanks’ Stock Analysis page.