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Mount Ridley Mines Limited ( (AU:MRD) ) has issued an announcement.
Mount Ridley Mines Limited announced a pro rata non-renounceable entitlement offer to raise approximately $596,842, issuing new shares and options to eligible shareholders. The funds will be used to advance exploration activities and for working capital. Ineligible shareholders, those outside Australia and New Zealand, will not participate due to regulatory and cost considerations.
More about Mount Ridley Mines Limited
Mount Ridley Mines Limited is a company operating in the mining industry, focusing on exploration activities. Its primary projects include the Weld Range and Mount Ridley Projects, with a market focus on expanding its exploration capabilities.
Current Market Cap: A$2.69M
Learn more about MRD stock on TipRanks’ Stock Analysis page.