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An announcement from Regener8 Resources NL ( (AU:R8R) ) is now available.
Regener8 Resources NL has launched a non-renounceable rights issue to raise up to approximately $2.87 million by offering up to 28,738,751 new shares at $0.10 each, on a one-for-two basis to existing shareholders on the record date. The capital will be directed toward acquiring and exploring the Srebrenica North Project, advancing current exploration programs, covering offer costs, and providing general working capital.
The offer is open only to shareholders with registered addresses in Australia, New Zealand, Malaysia, Montenegro, and Switzerland, with others classified as excluded shareholders and unable to participate. The company cites ASX Listing Rule 7.7.1(a), noting that extending the offer to those overseas holders would be uneconomic given the regulatory burden and the relatively small number and value of shares that would be involved.
The most recent analyst rating on (AU:R8R) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Regener8 Resources NL stock, see the AU:R8R Stock Forecast page.
More about Regener8 Resources NL
Regener8 Resources NL is an ASX-listed resources company focused on mineral exploration and project acquisition. The company is advancing exploration programs and seeking to expand its portfolio, including through the proposed acquisition and exploration of the Srebrenica North Project.
Average Trading Volume: 96,765
Technical Sentiment Signal: Buy
For an in-depth examination of R8R stock, go to TipRanks’ Overview page.