Comet Ridge Ltd (AU:COI) has released an update.
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Comet Ridge Limited has successfully raised $12 million through a placement to institutional and sophisticated investors, issuing over 85 million new shares at $0.14 each. The company also announced an adjustment to the exercise price of its Tranche 1 Warrants, reducing it from $0.165 to $0.1539, effective 27 December 2024. This move reflects strategic financial management aimed at enhancing shareholder value.
For further insights into AU:COI stock, check out TipRanks’ Stock Analysis page.