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Tombador Iron Ltd. ( (AU:TI1) ) just unveiled an update.
Tombador Iron Limited announced a proposed issue of securities, specifically options with an exercise price of A$1.18 and an expiry date of June 29, 2026, totaling 126,700 securities. This move is part of a placement or other type of issue, potentially impacting the company’s capital structure and providing additional financial resources to support its operations and strategic objectives.
More about Tombador Iron Ltd.
Tombador Iron Limited operates in the mining industry, focusing on the extraction and production of iron ore. The company is engaged in developing its iron ore resources to supply the global market, primarily targeting the steel manufacturing sector.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$30.22M
For an in-depth examination of TI1 stock, go to TipRanks’ Overview page.