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Surefire Resources NL ( (AU:SRN) ) has provided an update.
Surefire Resources NL has announced the results of its non-renounceable rights issue, receiving applications for 593,731,315 new shares from shareholders. Each new share entitles holders to bonus shares and options, with the shortfall amounting to approximately $2.7 million. The company has engaged Sanlam Private Wealth Pty Ltd to manage the placement of the shortfall, potentially impacting the company’s capital structure and market position.
More about Surefire Resources NL
Surefire Resources NL operates in the mining industry, focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange (ASX) and is involved in the acquisition and development of mineral projects.
Technical Sentiment Signal: Sell
Current Market Cap: A$9.12M
For an in-depth examination of SRN stock, go to TipRanks’ Overview page.