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An update from Riedel Resources Limited ( (AU:RIE) ) is now available.
Riedel Resources Limited has successfully concluded its Share Purchase Plan (SPP), receiving applications totaling A$538,500, surpassing the initial target of A$300,000. Due to strong shareholder demand, the company increased the SPP size to A$400,000, with 16 million fully paid ordinary shares to be issued. This follows a recent share placement raising A$1 million, reflecting robust investor confidence and support.
More about Riedel Resources Limited
Riedel Resources Limited is an emerging mineral exploration company focused on advancing the historic high-grade Kingman Gold Project in north-west Arizona, USA.
Average Trading Volume: 159,169
Technical Sentiment Signal: Sell
Current Market Cap: A$2.08M
Learn more about RIE stock on TipRanks’ Stock Analysis page.