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Eagle Mountain Mining Ltd. ( (AU:EM2) ) has shared an announcement.
Eagle Mountain Mining Limited has released a transaction-specific prospectus for an offer of up to 61.3 million placement options, to be issued for nil consideration on a ratio of one option for every three placement shares previously issued to placement participants. The options offer, open only to eligible investors in Australia and New Zealand, is framed as a speculative investment, with the company directing potential applicants to review its publicly available ASX announcements and to consider key risk factors, jurisdictional restrictions, and the need for professional advice before participating.
The most recent analyst rating on (AU:EM2) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Eagle Mountain Mining Ltd. stock, see the AU:EM2 Stock Forecast page.
More about Eagle Mountain Mining Ltd.
Eagle Mountain Mining Limited is an Australian-listed mining company focused on resource exploration and development. As a disclosing entity on the ASX under code EM2, it provides continuous market updates and targets investors interested in speculative mining securities in Australia and New Zealand.
Average Trading Volume: 3,549,650
Technical Sentiment Signal: Sell
Current Market Cap: A$15.39M
For an in-depth examination of EM2 stock, go to TipRanks’ Overview page.