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Emu NL ( (AU:EMU) ) just unveiled an announcement.
Emu NL has announced a placement of 17,647,059 fully paid ordinary shares at $0.017 per share to raise $300,000 from sophisticated and professional investors. The funds will be used for exploration projects and general working capital, with the new shares to be listed on ASX and ranked equally with existing shares. This strategic move aims to bolster Emu NL’s financial resources, potentially enhancing its operational capabilities and market positioning.
More about Emu NL
Average Trading Volume: 271,928
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.84M
Find detailed analytics on EMU stock on TipRanks’ Stock Analysis page.