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Riedel Resources Limited ( (AU:RIE) ) has provided an announcement.
Riedel Resources Limited announced a pro rata non-renounceable entitlement offer to raise approximately $1.78 million. The offer allows eligible shareholders to subscribe for new shares, potentially affecting the company’s share control and diluting interests of those not participating. The company aims to mitigate control effects by spreading shortfall shares among investors.
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: 280,629
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.85M
See more data about RIE stock on TipRanks’ Stock Analysis page.