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Native Mineral Resources Announces Share Entitlement Offer
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Native Mineral Resources Announces Share Entitlement Offer

Native Mineral Resources Holdings Ltd. (AU:NMR) has released an update.

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Native Mineral Resources Holdings Ltd. has announced a non-renounceable entitlement offer, providing shareholders the opportunity to purchase new shares at $0.04 each, matching their current holdings. This follows a successful $3.46 million placement to investors, with funds aimed at debt repayment, exploration, and working capital. The offer could potentially increase the shareholding of the company’s CEO, Blake Cannavo, if fully subscribed.

For further insights into AU:NMR stock, check out TipRanks’ Stock Analysis page.

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