Rumble Resources Limited (AU:RTR) has released an update.
Rumble Resources Limited has announced a capital increase through a $1.1 million placement to select investors and a $2.92 million entitlement offer at $0.04 per share to existing shareholders in Australia and New Zealand. The entitlement offer, which allows shareholders to maintain their ownership percentage, is not expected to significantly alter company control. The fundraising effort is managed by Wilsons Corporate Finance Limited and details will be released in an upcoming Entitlement Offer Booklet.
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