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Resources & Energy Group Limited ( (AU:REZ) ) has provided an update.
Resources & Energy Group Limited has successfully raised $1,137,502 through the issuance of 75,833,466 ordinary shares at 1.5 cents each. This capital will be used for working capital purposes, enhancing the company’s financial flexibility. The placement was conducted without disclosure to investors under specific provisions of the Corporations Act, and the company has confirmed compliance with relevant legal requirements, ensuring transparency and regulatory adherence.
More about Resources & Energy Group Limited
Resources & Energy Group Limited operates in the resources and energy sector, focusing on the exploration and development of mineral resources. The company is engaged in projects that aim to harness and utilize energy resources effectively.
Average Trading Volume: 505,215
Technical Sentiment Signal: Sell
Current Market Cap: A$14.2M
See more data about REZ stock on TipRanks’ Stock Analysis page.