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Renegade Exploration Limited ( (AU:RNX) ) has shared an announcement.
Renegade Exploration Limited has announced an equity raising of up to A$2.29 million through the issuance of 763.3 million fully paid ordinary shares to institutional and sophisticated investors. The funds will be used to advance exploration projects in Nevada and Yukon, with additional work planned for the Cloncurry Project. The placement includes attaching options and involves a discount to the last traded share price. The capital raised will also be used to reduce debt and cover operating overheads, potentially impacting the company’s financial stability and operational capacity.
More about Renegade Exploration Limited
Renegade Exploration Limited is a company operating in the exploration industry, focusing on projects in the Yukon, Nevada, and Cloncurry regions. The company primarily engages in fieldwork and geophysical programs to identify drill targets and assess new prospects, aiming to advance its exploration projects.
Technical Sentiment Signal: Sell
Current Market Cap: A$5.15M
See more data about RNX stock on TipRanks’ Stock Analysis page.