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Riedel Resources Limited ( (AU:RIE) ) has issued an update.
Riedel Resources Limited announced a proposed issuance of securities, including 12 million ordinary shares under a securities purchase plan and an additional 40 million ordinary shares through a placement. The issuance also includes 10 million unlisted options exercisable at $0.025. This move aims to raise capital for the company’s ongoing projects and may enhance its operational capacity and market presence.
More about Riedel Resources Limited
Riedel Resources Limited operates in the resources sector, focusing on exploration and development of mineral properties. The company is primarily involved in the extraction and commercialization of various minerals, positioning itself within the mining industry.
Average Trading Volume: 102,444
Technical Sentiment Signal: Sell
Current Market Cap: A$1.5M
See more insights into RIE stock on TipRanks’ Stock Analysis page.