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The latest announcement is out from Red Mountain Mining Ltd ( (AU:RMX) ).
Red Mountain Mining Ltd has announced the issuance of 60,133,847 fully paid ordinary shares to sophisticated professional investors as part of a placement. This issuance was conducted without disclosure under section 708A(5)(e) of the Corporations Act 2001. The company has complied with relevant provisions of the Corporations Act and confirmed there is no excluded information that needs to be disclosed. This move is likely aimed at raising capital and could impact the company’s financial position and market operations.
More about Red Mountain Mining Ltd
YTD Price Performance: 200%
Average Trading Volume: 45,584,387
Technical Sentiment Signal: Sell
Current Market Cap: A$21.23M
See more insights into RMX stock on TipRanks’ Stock Analysis page.