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Iltani Resources Ltd. ( (AU:ILT) ) has shared an announcement.
Iltani Resources Ltd. has announced a A$1.8 million placement to professional and institutional investors, alongside a Share Purchase Plan (SPP) targeting up to A$1 million, allowing eligible shareholders to purchase additional shares at a discounted price. The funds raised will support exploration activities and general working capital, enhancing the company’s operational capabilities and offering shareholders an opportunity to expand their holdings without incurring additional costs.
More about Iltani Resources Ltd.
Iltani Resources Ltd. operates in the resource exploration industry, focusing on exploration activities at its Orient Project and other areas of interest. The company aims to enhance its market presence through strategic investments and capital raising initiatives.
Average Trading Volume: 103,692
Technical Sentiment Signal: Buy
For a thorough assessment of ILT stock, go to TipRanks’ Stock Analysis page.