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An update from Redcastle Resources Limited ( (AU:RC1) ) is now available.
Redcastle Resources Limited has announced a prospectus for a pro-rata non-renounceable entitlement issue of Loyalty Options and Broker Options. The Loyalty Options are exercisable at $0.15 on or before October 7, 2028, and are offered at a price of $0.01 per option to raise up to $149,406. The Broker Options, totaling 1,000,000, are also exercisable at $0.15 and are offered to Xcel Capital Pty Ltd. This move is part of Redcastle’s strategy to enhance shareholder value and engage with its stakeholders, although the options are considered highly speculative.
More about Redcastle Resources Limited
Average Trading Volume: 245,086
Technical Sentiment Signal: Sell
Current Market Cap: A$1.01M
For an in-depth examination of RC1 stock, go to TipRanks’ Overview page.