Rumble Resources Limited (AU:RTR) has released an update.
Rumble Resources Limited announces a non-accelerated, non-renounceable entitlement offer for its shareholders to raise approximately $2.92 million. Shareholders are entitled to purchase 1 new share for every 10 shares they hold at $0.04 each, with the offer period running from May 24 to June 14, 2024. The fundraise is partially underwritten by the company’s Director, Peter Venn, and the new shares are deemed speculative.
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