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Gullewa Limited ( (AU:GUL) ) has provided an update.
Central Iron Ore Limited has announced a rights offering to its shareholders, allowing them to purchase additional shares at a set price. The offering aims to raise up to $2.89 million, which will be used for various operational needs, including contributions to joint ventures, drilling projects, and debt repayment to Gullewa Limited. This move is expected to strengthen the company’s financial position and support its ongoing projects.
More about Gullewa Limited
Gullewa Limited is a company with a significant holding in Central Iron Ore Limited, which operates in the mining industry. Central Iron Ore focuses on the exploration and development of iron ore resources, with a market focus on regions such as Australia and Canada.
Average Trading Volume: 103,481
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$18.53M
For detailed information about GUL stock, go to TipRanks’ Stock Analysis page.