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Redstone Resources Limited ( (AU:RDS) ) has issued an announcement.
Redstone Resources Limited has announced a capital raising initiative, issuing 185,714,286 fully paid ordinary shares at $0.0035 per share to raise $650,000. The funds will be used to further develop the West Musgrave Project and for general working capital, potentially enhancing the company’s operational capabilities and market positioning.
More about Redstone Resources Limited
Redstone Resources Limited operates within the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in advancing its 100% owned West Musgrave Project, which is a significant aspect of its market focus.
Current Market Cap: A$4.18M
See more insights into RDS stock on TipRanks’ Stock Analysis page.