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Hot Chili Limited ( (AU:HCH) ) has provided an announcement.
Hot Chili Limited has announced a non-renounceable, pro rata rights issue offer to raise approximately A$14 million by issuing 2 new shares for every 13 existing shares at A$0.60 per share. This move aims to strengthen the company’s financial position without significantly altering shareholder control, as the offer is structured to maintain existing ownership proportions.
More about Hot Chili Limited
Hot Chili Limited is a company operating in the mining industry, primarily focused on the exploration and development of copper projects. The company is listed on the Australian Securities Exchange (ASX), the TSX Venture Exchange (TSXV), and the OTCQX market, indicating its active engagement in both local and international markets.
Average Trading Volume: 263,697
Technical Sentiment Signal: Sell
Current Market Cap: A$90.49M
Find detailed analytics on HCH stock on TipRanks’ Stock Analysis page.