tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Redcastle Resources Corrects Option Numbers in Pro Rata Issue Update

Story Highlights
  • Redcastle Resources updated its non-renounceable pro rata issue to correct a rounding error in option numbers.
  • The administrative adjustment aligns the capital raising details with ASX rules, clarifying information for shareholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Redcastle Resources Corrects Option Numbers in Pro Rata Issue Update

Claim 70% Off TipRanks Premium

Redcastle Resources Limited ( (AU:RC1) ) has provided an update.

Redcastle Resources Limited has updated its previously announced non-renounceable pro rata securities issue on the ASX, correcting the number of options to be issued due to a rounding discrepancy. The adjustment, formalised in a new Appendix 3B filing, is administrative in nature and does not alter the overall structure of the capital raising, but ensures accuracy in the company’s quoted securities and compliance with ASX listing requirements, providing clearer information for current and prospective shareholders.

The most recent analyst rating on (AU:RC1) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Redcastle Resources Limited stock, see the AU:RC1 Stock Forecast page.

More about Redcastle Resources Limited

Average Trading Volume: 383,628

Technical Sentiment Signal: Sell

Current Market Cap: A$13.75M

See more data about RC1 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1