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Cobre Limited ( (AU:CBE) ) has issued an update.
Cobre Limited announced the results of its fully underwritten Loyalty Options Offer, which was a pro-rata non-renounceable entitlement offer. The offer received 218 valid applications, raising a total of $509,073.49 for 63,634,088 options. However, there was a shortfall of 84,162,043 options, which the company plans to place with the help of its underwriter, CPS Capital Group Pty Ltd, by 14 August 2025. This development is expected to impact the company’s financial position and market operations positively.
More about Cobre Limited
Cobre Limited is a company in the mining industry, focusing on the exploration and development of copper projects. The company is listed on the Australian Securities Exchange under the ticker ASX: CBE.
Average Trading Volume: 629,253
Technical Sentiment Signal: Sell
Current Market Cap: A$18.62M
For a thorough assessment of CBE stock, go to TipRanks’ Stock Analysis page.