Coolabah Metals Ltd. ( (AU:CBH) ) just unveiled an update.
Coolabah Metals Limited has announced an upsized public offering to raise between $15 million and $20 million, alongside a consolidation of its issued capital. This move is part of the company’s strategy to align its share price with the public offer price and comply with ASX listing rules. The acquisition of Broken Hill Mines Pty Ltd is a significant step, with revised terms including a 2% net smelter royalty and conditions precedent that need to be satisfied by July 2025. The transaction aims to strengthen the company’s market position and enhance shareholder value.
More about Coolabah Metals Ltd.
Coolabah Metals Limited, soon to be renamed Broken Hill Mines Limited, operates in the mining industry with a focus on acquiring and managing mining assets. The company is involved in the acquisition of Broken Hill Mines Pty Ltd and is working towards compliance with ASX listing rules.
Technical Sentiment Signal: Strong Sell
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