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The latest announcement is out from Rimfire Pacific Mining Limited ( (AU:RIM) ).
Rimfire Pacific Mining Limited announced the cancellation of a previous securities issue under a cleansing prospectus, which was intended to facilitate secondary trading. The offer has closed without any shares being issued, indicating a potential shift in the company’s capital-raising strategy and possibly affecting its short-term financial planning and stakeholder expectations.
More about Rimfire Pacific Mining Limited
Rimfire Pacific Mining Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company primarily deals with the discovery and extraction of gold and other precious metals, aiming to enhance its market presence in the mining sector.
Average Trading Volume: 1,957,310
Technical Sentiment Signal: Sell
Current Market Cap: A$35.42M
Learn more about RIM stock on TipRanks’ Stock Analysis page.