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The latest announcement is out from Mount Ridley Mines Limited ( (AU:MRD) ).
Mount Ridley Mines Limited has initiated its pro-rata non-renounceable Entitlement Offer, opening the offer to eligible shareholders for subscription to new shares. This move is part of the company’s strategy to raise capital, potentially impacting its financial position and market operations by providing additional resources for its exploration and development activities.
More about Mount Ridley Mines Limited
Mount Ridley Mines Limited operates in the mining industry and is listed on the Australian Securities Exchange under the ticker MRD. The company focuses on mineral exploration and development, aiming to expand its resource base and enhance shareholder value.
Current Market Cap: A$2.69M
For a thorough assessment of MRD stock, go to TipRanks’ Stock Analysis page.