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MinRex Resources Limited ( (AU:MRR) ) has issued an announcement.
MinRex Resources Limited has concluded its pro-rata non-renounceable entitlement option offer, allowing eligible shareholders to subscribe for new options. The company raised $97,581 from the offer, which saw 97,581,533 new options issued. Options not subscribed to will be available for up to three months as a shortfall offer. This development indicates MinRex’s strategic financial maneuvering to potentially enhance capital and broaden shareholder engagement.
More about MinRex Resources Limited
MinRex Resources Limited is an Australian-based ASX-listed company specializing in gold and base metals exploration. The company operates in the Lachlan Fold Belt of New South Wales, and its portfolio includes approximately 438 square kilometers of tenements, notably the Sofala Gold Project, which hosts JORC 2012 Resources totaling 352,000 ounces of gold.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$8.68M
Find detailed analytics on MRR stock on TipRanks’ Stock Analysis page.
