Emu NL (AU:EMU) has released an update.
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Emu NL successfully completes its rights issue, raising approximately $1.1 million with substantial shareholder participation, reflecting confidence in the company’s potential at its promising Georgetown project. The offer, fully underwritten by Martin Place Securities Pty Ltd, resulted in a 70.2% subscription rate by existing shareholders, with the remaining shares placed with the underwriter’s clients.
For further insights into AU:EMU stock, check out TipRanks’ Stock Analysis page.