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Redcastle Resources Limited ( (AU:RC1) ) has provided an announcement.
Redcastle Resources has completed its pro-rata non-renounceable loyalty option offer, issuing one option for every eight shares at $0.01 per option, together with a shortfall offer, resulting in the issue of 14,940,749 new options and raising a total of $149,406. The funds, which attracted strong demand via both entitlement acceptances and shortfall applications, will be directed towards the costs of the offer and general working capital, with the new options scheduled to be allotted on 9 January 2026 and to commence trading on the ASX shortly, modestly strengthening the company’s liquidity and capital position.
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
Redcastle Resources Ltd (ASX: RC1) is an Australian-listed resources company, operating in the mining and exploration sector and focused on advancing its portfolio through capital market activities on the ASX. The company uses equity and option-based funding structures to support working capital and ongoing corporate and project-related expenditure.
Average Trading Volume: 449,983
Technical Sentiment Signal: Buy
Current Market Cap: A$15.54M
For a thorough assessment of RC1 stock, go to TipRanks’ Stock Analysis page.