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.
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