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R3D Resources Limited ( (AU:TAT) ) has issued an update.
Tartana Minerals Limited has received $1 million from a new investor under a previously announced $1.275 million equity placement, with the balance to come from director participation subject to shareholder approval in 2026, and notes that the placement price represents a premium to the company’s recent trading levels. The funds will be used in part to redeem $0.9 million of matured convertible notes, reducing net debt, while a large tranche of unlisted options is set to expire at year-end and nearly 6 million shares plus additional options will come out of voluntary escrow on 29 December, collectively reshaping the company’s capital structure and potentially affecting liquidity and ownership dynamics for investors.
More about R3D Resources Limited
Tartana Minerals Limited is an ASX-listed copper producer with mining and exploration projects in Far North Queensland, focused on copper, zinc and gold, and aims to grow resources and shareholder value through systematic exploration and project development.
Average Trading Volume: 105,087
Technical Sentiment Signal: Hold
Current Market Cap: A$10.06M
See more data about TAT stock on TipRanks’ Stock Analysis page.