Mount Ridley Mines Announces Entitlement Offer to Fund Exploration

Mount Ridley Mines Limited ( (AU:MRD) ) has provided an update.

Mount Ridley Mines Limited has announced a pro rata non-renounceable entitlement offer to raise approximately $596,842. The funds will be used to advance exploration activities and for working capital. Eligible shareholders in Australia and New Zealand can participate in the offer, which includes the issuance of new shares and options. The offer is not underwritten, and any shortfall will be available for additional subscription at the discretion of the board.

More about Mount Ridley Mines Limited

Mount Ridley Mines Limited is an Australian mining company focused on exploration activities, particularly in the Weld Range and Mount Ridley Projects. The company is listed on the Australian Securities Exchange under the ticker MRD.

Current Market Cap: A$2.69M

For a thorough assessment of MRD stock, go to TipRanks’ Stock Analysis page.