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Chilwa Minerals Ltd ( (AU:CHW) ) just unveiled an announcement.
Chilwa Minerals Ltd has issued 4,979,333 fully paid ordinary shares at A$1.20 per share through a private placement, raising $8 million. This move is part of the company’s strategy to enhance its financial position and support its ongoing operations. The secondary trading notice ensures compliance with the Corporations Act, allowing the on-sale of these securities under specific exemptions, thereby facilitating liquidity and investor participation.
More about Chilwa Minerals Ltd
Chilwa Minerals Ltd operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in the production and trading of minerals, catering primarily to markets that require raw materials for various industrial applications.
Average Trading Volume: 47,196
Technical Sentiment Signal: Buy
Current Market Cap: A$98.63M
For an in-depth examination of CHW stock, go to TipRanks’ Overview page.