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Riedel Resources Limited ( (AU:RIE) ) has shared an update.
Riedel Resources Limited is launching a 1 for 2 non-renounceable pro rata entitlement offer of new shares priced at $0.025 each, aiming to raise approximately $1.78 million before costs. This move is part of the company’s strategic financial initiatives to bolster its capital base. The offer is set to close on December 15, 2025, and is primarily targeted at eligible shareholders in Australia and New Zealand. The capital raised will likely support the company’s ongoing operations and potentially enhance its market position, although specific details on the use of proceeds were not disclosed.
More about Riedel Resources Limited
Average Trading Volume: 280,629
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.85M
For detailed information about RIE stock, go to TipRanks’ Stock Analysis page.