Central Iron Ore (TSE:CIO) has released an update.
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Central Iron Ore Ltd. has successfully completed its rights offering, raising $533,926.60 through the issuance of over 10 million units at $0.05 each, with each unit consisting of one share and a warrant. The offering significantly increased the control of insider Mr. David Deitz, who now indirectly owns about 54% of the company’s shares.
For further insights into TSE:CIO stock, check out TipRanks’ Stock Analysis page.