Central Iron Ore (TSE:CIO) has released an update.
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Central Iron Ore Ltd. has announced a Rights Offering for shareholders, enabling them to purchase additional shares and warrants at set prices, with the aim of raising over $1.2 million. The funds are intended for investment in the company’s joint venture and mine area, as well as for general corporate expenses.
For further insights into TSE:CIO stock, check out TipRanks’ Stock Analysis page.