Reach Resources Opens $3.15m Entitlement Offer to Existing Shareholders

Reach Resources Limited ( (AU:RR1) ) has shared an announcement.

Reach Resources Limited has launched a pro-rata non-renounceable entitlement offer to existing shareholders in Australia, New Zealand and Singapore. The offer provides two new fully paid ordinary shares for every five shares held on the 31 March 2026 record date, at an issue price of $0.009 per share, aiming to raise up to approximately $3.15 million.

The company has dispatched personalised entitlement and acceptance forms to eligible shareholders via email or post and opened subscriptions on 7 April 2026, with a scheduled closing date of 21 April 2026. The timetable outlines key dates for trading, allotment and quotation of new shares, signalling a structured capital raising process that could strengthen Reach Resources’ balance sheet and support its ongoing operations.

The most recent analyst rating on (AU:RR1) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Reach Resources Limited stock, see the AU:RR1 Stock Forecast page.

More about Reach Resources Limited

Reach Resources Limited (ASX: RR1) is an Australia-listed company that raises capital through equity offerings to fund its activities and growth plans. Its shareholder base is primarily located in Australia, New Zealand and Singapore, reflecting a regional investor focus within the Australasian market.

Average Trading Volume: 3,589,326

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$12.24M

For a thorough assessment of RR1 stock, go to TipRanks’ Stock Analysis page.