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An announcement from Tombador Iron Ltd. ( (AU:TI1) ) is now available.
Tombador Iron Ltd. is launching a public offer to raise $5 million by issuing shares at $0.28 each, with the potential to accept oversubscriptions for an additional $5 million. This move is part of a re-compliance process with ASX requirements, reflecting a significant change in the company’s operations and positioning, potentially impacting its stakeholders.
More about Tombador Iron Ltd.
Tombador Iron Ltd., soon to be renamed Atomic Eagle Limited, operates in the mining industry, focusing primarily on iron ore production. The company is undergoing a strategic shift, indicated by its re-compliance prospectus, to align with the ASX Listing Rules due to changes in its activities’ nature and scale.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$30.22M
Learn more about TI1 stock on TipRanks’ Stock Analysis page.