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Resource Minerals International to Issue Shares in Lieu of Consulting Fees on Placement

Story Highlights
  • Resource Minerals International will issue additional shares to pay part of consulting fees.
  • The updated placement terms slightly adjust RMI’s capital structure and fee mix for stakeholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Resource Minerals International to Issue Shares in Lieu of Consulting Fees on Placement

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Resource Mining Corporation Limited ( (AU:RMI) ) has provided an announcement.

Resource Minerals International Ltd, an ASX-listed mineral exploration and development company, has provided an update on a previously announced capital placement. The company will issue additional shares to satisfy part of the consulting fees associated with the placement, adjusting the structure of the consideration but not altering the overall placement framework, which may modestly impact its capital structure and fee mix for stakeholders.

More about Resource Mining Corporation Limited

Resource Minerals International Ltd is an Australia-listed resources company focused on mineral exploration and development, with its shares trading on the ASX under the code RMI.

Average Trading Volume: 1,390,564

Technical Sentiment Signal: Buy

Current Market Cap: A$21.05M

See more data about RMI stock on TipRanks’ Stock Analysis page.

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