Encounter Resources Limited (AU:ENR) has released an update.
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Encounter Resources Limited has opened a Share Purchase Plan (SPP) allowing eligible shareholders to buy additional shares at a discounted price of $0.35 per share, aiming to raise up to A$3 million. The funds will support exploration projects and general working capital. The SPP is voluntary and available to shareholders in Australia and New Zealand until December 20, 2024.
For further insights into AU:ENR stock, check out TipRanks’ Stock Analysis page.