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Infinity Mining Limited ( (AU:IMI) ) has issued an announcement.
Infinity Mining Limited has announced a pro-rata non-renounceable entitlement issue of new options to its shareholders, aimed at raising approximately $282,010. The offer is designed to reward shareholder loyalty and provide working capital for the company. CPS Capital Group Pty Ltd will manage and fully underwrite the offer, with substantial shareholder David Michael partially sub-underwriting. The new options are exercisable at $0.02 and expire 42 months from issue, with the offer open to shareholders in Australia and New Zealand. The company will apply for ASX quotation of the new options, although there is no guarantee of approval.
More about Infinity Mining Limited
Infinity Mining Limited is a company operating in the mining industry, focusing on the extraction and production of minerals. The company is listed on the Australian Securities Exchange (ASX) under the ticker IMI and is primarily engaged in offering mining services and products.
YTD Price Performance: 30.0%
Average Trading Volume: 473,220
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$5.5M
See more data about IMI stock on TipRanks’ Stock Analysis page.