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Rimfire Pacific Mining Announces Proposed Securities Issue to Boost Capital

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Rimfire Pacific Mining Limited ( (AU:RIM) ) just unveiled an announcement.

Rimfire Pacific Mining Limited has announced a proposed non-pro rata offer of securities, planning to issue up to 10,000 ordinary fully paid shares. This move is part of their strategy to raise capital, potentially impacting their operational capabilities and market positioning by providing additional resources for exploration and development activities.

More about Rimfire Pacific Mining Limited

Rimfire Pacific Mining Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the discovery and development of gold and other precious metals, with a market focus on expanding its resource base and enhancing shareholder value.

YTD Price Performance: -27.50%

Average Trading Volume: 1,127,974

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$71.89M

Learn more about RIM stock on TipRanks’ Stock Analysis page.

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