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Renegade Exploration Limited ( (AU:RNX) ) has provided an announcement.
Renegade Exploration Limited announced the issuance of 449,666,666 fully paid ordinary shares at a price of $0.003 each. This move was made without disclosure to investors under certain provisions of the Corporations Act 2001, and the company has confirmed compliance with relevant legal requirements. This issuance is part of the company’s strategic efforts to enhance its capital structure, potentially impacting its market positioning and providing new opportunities for stakeholders.
More about Renegade Exploration Limited
Renegade Exploration Limited operates in the exploration industry, focusing on the acquisition and development of mineral resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker RNX.
Technical Sentiment Signal: Sell
Current Market Cap: A$5.61M
For an in-depth examination of RNX stock, go to TipRanks’ Overview page.