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R3D Resources Limited (ASX:R3D)
ALERT: Price-sensitive ASX Announcement for R3D
Current share price for R3D : $0.037 0.003 (8.82%)+
Release
27 Mar 2024 10:47AM
Price at Release
$0.034
Full Release
Summary
R3D Resources Limited has announced $1.5 million in firm commitments received for capital raisings, which includes a $0.5 million partial underwrite of the Rights Issue and $1.0 million to be raised through further debt or equity by the end of April 2024. The Rights Issue will be extended until April 10, 2024, allowing eligible shareholders to participate. The company has restarted Copper Sulphate production at Tartana, targeting a minimum production rate of fifteen bags a week during April 2024.
Key Points
- Firm commitment received from Breakaway Investment Group to underwrite the Rights Issue of up to $500,000
- Additional firm commitment received from Breakaway Research to raise $1 million for the Company
- Rights Issue extended until 10 April 2024
- Copper Sulphate production at Tartana has restarted
- Targeting to achieve a minimum production rate of fifteen bags of Copper Sulphate a week
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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