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The latest update is out from Duxton Farms Limited ( (AU:DBF) ).
Duxton Farms Limited has successfully settled a fully underwritten placement, raising A$4,548,000 through the issuance of 3,638,400 new shares. The funds will support strategic objectives including a merger and development projects. Additionally, the company will offer a Share Purchase Plan (SPP) to eligible shareholders in select countries, allowing them to purchase new shares at a discounted rate. The SPP is not underwritten, and the company retains the right to adjust its size or scale-back applications.
More about Duxton Farms Limited
Duxton Farms Limited operates in the agriculture industry, focusing on farming and related activities. The company is involved in development projects and acquiring water entitlements, indicating a strategic focus on expanding its agricultural operations.
Average Trading Volume: 64,229
Technical Sentiment Signal: Sell
Current Market Cap: A$37.69M
For a thorough assessment of DBF stock, go to TipRanks’ Stock Analysis page.