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Charger Metals NL ( (AU:CHR) ) has issued an update.
Charger Metals NL has secured approximately $833,041 in additional funding following a 97.5% uptake of a $0.02 call on its CHRCA partly paid shares, which have now largely transitioned into CHRCB partly paid shares paid to $0.04 and unpaid $0.08. A small remainder of CHRCA partly paid shares that remain unpaid will be forfeited, auctioned and managed under the company’s constitution, while existing CHRCB holders retain the option to convert their holdings into fully paid ordinary shares, potentially providing a further $3.36 million in capital and enhancing the company’s financial flexibility for future activities.
The most recent analyst rating on (AU:CHR) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Charger Metals NL stock, see the AU:CHR Stock Forecast page.
More about Charger Metals NL
Charger Metals NL is an Australian-listed resources company focused on mineral exploration and development, operating in the metals sector and funded partly through structures such as partly paid shares on the ASX.
Average Trading Volume: 609,624
Technical Sentiment Signal: Buy
Current Market Cap: A$15.1M
Find detailed analytics on CHR stock on TipRanks’ Stock Analysis page.