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Iris Metals Limited ( (AU:IR1) ) has provided an announcement.
Iris Metals Limited has released a cleansing prospectus to offer up to 1,000 shares at $0.085 each, aiming to raise $85 before expenses. This prospectus also includes a secondary offer of 7,455,912 shares to Rapid Critical Metals Limited. The primary purpose of this prospectus is to remove trading restrictions on shares issued before the closing date, aligning with section 708A(11) of the Corporations Act. The shares are considered highly speculative, and the document emphasizes the importance of consulting professional advisers before investing.
More about Iris Metals Limited
Average Trading Volume: 345,458
Technical Sentiment Signal: Sell
Current Market Cap: A$19.59M
See more insights into IR1 stock on TipRanks’ Stock Analysis page.