Connected IO Ltd. (AU:CIO) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Connected IO Ltd., soon to be renamed ‘Connected Minerals Limited’, aims to raise $5.2 million through a combination of an entitlement offer and a placement offer, both priced at $0.20 per share. The funds are expected to support the company in meeting listing rules and to finance additional offers detailed in their prospectus. Investors are cautioned that the securities on offer are considered highly speculative and are encouraged to seek professional advice.
For further insights into AU:CIO stock, check out TipRanks’ Stock Analysis page.