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Resources & Energy Group Limited ( (AU:REZ) ) has issued an announcement.
Resources & Energy Group Limited has completed a placement of 142,857,140 new ordinary shares at 1.2 cents each to investors, expanding its issued capital base and securing additional funding. The company confirmed the placement was conducted without a disclosure document under the Corporations Act but stated it is fully compliant with its continuous disclosure and financial reporting obligations and that there is no excluded information requiring disclosure, providing regulatory assurance to shareholders regarding the capital raising.
More about Resources & Energy Group Limited
Resources & Energy Group Limited is an Australia-based resources company listed on the ASX, focused on exploration and development of mineral projects, with operations and corporate offices based in Sydney and a portfolio of mining and energy-related assets.
Average Trading Volume: 1,910,752
Technical Sentiment Signal: Sell
Current Market Cap: A$10.05M
For a thorough assessment of REZ stock, go to TipRanks’ Stock Analysis page.