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Mount Ridley Mines Limited ( (AU:MRD) ) has shared an update.
Mount Ridley Mines Limited has announced a capital raising initiative to generate up to $830,388. This initiative includes a placement to sophisticated investors and a rights issue for existing shareholders. The funds will be used to further develop current projects, explore new opportunities, and for general working capital. This move is expected to strengthen the company’s financial position and support its ongoing operations and growth strategies.
More about Mount Ridley Mines Limited
Mount Ridley Mines Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in advancing its existing mining assets and exploring new project opportunities.
Current Market Cap: A$2.34M
For detailed information about MRD stock, go to TipRanks’ Stock Analysis page.