Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
An announcement from Riedel Resources Limited ( (AU:RIE) ) is now available.
Riedel Resources Limited has announced a pro rata non-renounceable entitlement offer to raise approximately $1.78 million by issuing new shares to eligible shareholders at a price of $0.025 per share. The offer is available to shareholders with registered addresses in Australia and New Zealand, while those outside these jurisdictions are deemed ineligible due to regulatory and cost considerations. This capital raising initiative aims to strengthen the company’s financial position and support its ongoing operations.
More about Riedel Resources Limited
Riedel Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker RIE.
Average Trading Volume: 409,889
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$5.99M
For an in-depth examination of RIE stock, go to TipRanks’ Overview page.