Empire Resources Limited (AU:ERL) has released an update.
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Empire Resources Limited is set to raise up to $741,957 through a non-renounceable entitlement issue, offering shareholders one new share for every three shares held at a mere $0.002 per share. Investors are urged to consult professional advisers, given the high-risk nature of the investment. The offer, detailed in a recently lodged prospectus, is limited to Australian and New Zealand residents, excluding overseas shareholders due to regulatory considerations.
For further insights into AU:ERL stock, check out TipRanks’ Stock Analysis page.