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E2 Metals Ltd. ( (AU:USL) ) has provided an announcement.
Unico Silver Limited has successfully completed a placement of 72,727,273 fully paid ordinary shares at $0.55 each, raising $40 million. The company is also dispatching an offer booklet for a share purchase plan (SPP) to eligible shareholders in Australia and New Zealand, allowing them to subscribe for up to $30,000 worth of shares at the same price. This strategic move aims to strengthen the company’s financial position and potentially enhance its market presence.
The most recent analyst rating on (AU:USL) stock is a Buy with a A$1.30 price target. To see the full list of analyst forecasts on E2 Metals Ltd. stock, see the AU:USL Stock Forecast page.
More about E2 Metals Ltd.
Average Trading Volume: 3,854,121
Technical Sentiment Signal: Buy
Current Market Cap: A$252M
See more data about USL stock on TipRanks’ Stock Analysis page.