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An announcement from Rumble Resources Limited ( (AU:RTR) ) is now available.
Rumble Resources Limited announced a capital raising initiative involving a two-tranche placement to sophisticated and professional investors, aiming to raise $7 million, and a non-renounceable pro-rata entitlement offer to raise approximately $2 million. This capital raising is expected to have minimal impact on the control of the company, as it is structured to maintain existing shareholder ownership percentages, and no significant shift in voting power is anticipated.
More about Rumble Resources Limited
Rumble Resources Limited is a company operating in the mining industry, primarily focused on resource exploration and development. The company is listed on the Australian Securities Exchange (ASX) under the ticker RTR and is based in West Perth, Western Australia.
Average Trading Volume: 1,263,601
Technical Sentiment Signal: Sell
Current Market Cap: A$36.13M
Learn more about RTR stock on TipRanks’ Stock Analysis page.