GTI Resources Ltd (AU:GTR) has released an update.
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GTI Resources Ltd successfully raised $474,718 through a non-renounceable pro-rata rights issue, with shares and options issued to existing shareholders. The offer, underwritten by CPS Capital Group Pty Ltd up to $1.6 million, anticipates an additional $1,125,282 raised post-offer for shortfall subscriptions. The company is also set to launch a Priority Option Offer, potentially adding another $115,596 to its funds.
For further insights into AU:GTR stock, check out TipRanks’ Stock Analysis page.