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The latest announcement is out from Tombador Iron Ltd. ( (AU:TI1) ).
Tombador Iron Ltd. has announced a proposed issue of securities, specifically options with an exercise price of A$1.34 and an expiry date of March 18, 2026. This move is part of a placement or other type of issue, with a maximum of 253,400 securities to be issued. This announcement could potentially impact the company’s financial strategy and market positioning by providing additional capital for operations or expansion.
More about Tombador Iron Ltd.
Tombador Iron Ltd. operates in the iron ore industry, focusing on the extraction and production of iron ore products. The company is involved in mining operations and is listed on the Australian Securities Exchange (ASX) under the issuer code TI1.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$30.22M
See more insights into TI1 stock on TipRanks’ Stock Analysis page.