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Riedel Resources Limited ( (AU:RIE) ) has issued an announcement.
Riedel Resources Limited has issued 55,966,888 fully paid ordinary shares without a prospectus under the Corporations Act, signalling a capital-raising move to support its operations while relying on existing continuous disclosure obligations. The company confirmed it is compliant with financial reporting and continuous disclosure requirements and stated there is no excluded information that must be disclosed, a declaration aimed at reassuring investors and maintaining transparency around the expanded share capital base.
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, positioning itself within the gold exploration sector with a focus on US-based assets.
Average Trading Volume: 430,541
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$5.78M
See more insights into RIE stock on TipRanks’ Stock Analysis page.