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Riedel Resources Limited ( (AU:RIE) ) has issued an announcement.
Riedel Resources Limited has announced a Share Purchase Plan (SPP) offering eligible shareholders the opportunity to purchase shares at A$0.025 each, matching the recent placement price for professional investors. The proceeds from this SPP will be directed towards drilling and study activities at the Kingsman Project in Arizona, exploring other investment opportunities, and general working capital, potentially impacting the company’s operational capabilities and market positioning.
More about Riedel Resources Limited
Riedel Resources Limited operates in the mining industry, focusing on exploration and development projects. The company is primarily engaged in the extraction and study of mineral resources, with a significant market focus on projects in regions such as Arizona.
Average Trading Volume: 108,903
Technical Sentiment Signal: Sell
Current Market Cap: A$1.5M
Find detailed analytics on RIE stock on TipRanks’ Stock Analysis page.