Connected IO Ltd. (AU:CIO) has released an update.
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Connected IO Limited has received an extension from the ASX to prevent its automatic delisting, now set for 28 October 2024. The company is in the final stages of closing transactions, including the acquisition of uranium interests in Namibia and various projects in Western Australia, and raising capital through an entitlement offer and share placement. These steps aim to satisfy ASX listing requirements and resume trading of the company’s securities.
For further insights into AU:CIO stock, check out TipRanks’ Stock Analysis page.