Redcastle Resources Launches Share Purchase Plan

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

Redcastle Resources Limited has announced a Share Purchase Plan (SPP) following a successful $2.8 million placement to sophisticated investors, allowing existing shareholders to buy up to $30,000 worth of shares each at $0.009, the same discounted price offered to institutional investors. The SPP aims to raise an additional $899,170, with the funds being allocated to drilling and exploration at the Redcastle Project and for general working capital. Eligible shareholders interested in the offer must respond by October 18, 2024.

For further insights into AU:RC1 stock, check out TipRanks’ Stock Analysis page.