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An announcement from Techgen Metals Ltd. ( (AU:TG1) ) is now available.
TechGen Metals Limited has announced a fully underwritten pro-rata non-renounceable rights issue, offering nine new shares for every ten existing shares at $0.018 per share to eligible shareholders. This move is part of the company’s strategy to raise capital, potentially impacting its financial stability and market positioning, while ineligible shareholders have been notified of their exclusion from the offer.
More about Techgen Metals Ltd.
TechGen Metals Limited is an Australian exploration company focused on developing copper, gold, and antimony projects in Western Australia and New South Wales.
Average Trading Volume: 391,122
Technical Sentiment Signal: Sell
Current Market Cap: A$3.01M
For an in-depth examination of TG1 stock, go to TipRanks’ Overview page.