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Redstone Resources Limited ( (AU:RDS) ) has provided an announcement.
Redstone Resources Limited has announced a capital raising initiative, issuing 108,888,895 fully paid ordinary shares at $0.0045 each to raise $490,000. The funds will be used to advance the company’s West Musgrave Project and for general working capital, potentially strengthening its operational capabilities and market position.
More about Redstone Resources Limited
Redstone Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in advancing its 100% owned West Musgrave Project, which is a significant aspect of its market focus.
Current Market Cap: A$4.16M
Find detailed analytics on RDS stock on TipRanks’ Stock Analysis page.