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Tombador Iron Ltd. ( (AU:TI1) ) just unveiled an update.
Tombador Iron Limited has announced a proposed issue of 53,065,000 securities in the form of options with an exercise price of A$0.31, set to expire on May 5, 2027. This move is part of a placement or other type of issue, indicating the company’s strategy to raise capital and potentially strengthen its market position.
More about Tombador Iron Ltd.
Tombador Iron Limited operates in the mining industry, focusing on the exploration and production of iron ore. The company is engaged in developing its iron ore assets to meet the demands of the global steel industry.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$30.22M
For detailed information about TI1 stock, go to TipRanks’ Stock Analysis page.