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Duxton Farms Limited ( (AU:DBF) ) has issued an announcement.
Duxton Farms Limited has successfully completed its Share Purchase Plan (SPP), raising approximately A$889k through the issuance of 1,064,818 new fully paid ordinary shares. The funds, along with existing resources, will be used to advance strategic initiatives, including the expansion of a pistachio orchard, development of agricultural precincts, and acquisition of water entitlements. This move is expected to strengthen the company’s operational capabilities and market positioning.
More about Duxton Farms Limited
Duxton Farms Limited operates in the agriculture industry, focusing on the cultivation and production of pistachios and other crops. The company is involved in strategic initiatives to expand its agricultural operations in Victoria and the Northern Territory, and it aims to acquire additional water entitlements to support its activities in New South Wales and Victoria.
Average Trading Volume: 80,539
Technical Sentiment Signal: Sell
Current Market Cap: A$89.62M
See more insights into DBF stock on TipRanks’ Stock Analysis page.