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R3D Resources Limited (ASX:R3D)

ALERT: Price-sensitive ASX Announcement for R3D
Current share price for R3D : $0.037 0 (0%)+
Announcement
Release
17 Apr 2024 10:11AM
Price at Release
$0.037
Full Release
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Summary
R3D Resources Limited announced the completion of its rights issue, which raised a total of $500,000, inclusive of $114,392 from eligible shareholders and the remainder from Breakaway Investment Group, which has committed to underwriting the issue. The rights issue, which opened in November 2023, involved a pro-rata entitlement offer for new shares at $0.05 each, coupled with attaching options. The company plans to issue 2,287,828 new shares and 1,143,916 options as part of this process and will review further allocations of any shortfall post-closure.
Key Points
  • Completion of Rights Issue raising $500,000.
  • $114,392 raised from eligible shareholders.
  • Breakaway Investment Group underwriting the Rights Issue.
  • Issuing 2,287,828 new shares and 1,143,916 options.
  • Further allocations of shortfall possible after closure.
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.