Element 25 (ASX:E25) will raise AU$2.9 million via the issuance of 8.7 million fully-paid ordinary shares to Acuity Capital Investment Management at AU$0.3275 per share, according to a Thursday Australian bourse filing.
The issuance will be conducted under the companies' at-the-market subscription agreement, the filing said. The shares will be issued under the shareholder approval obtained at the mining company's annual general meeting on Nov. 22, 2024.
The company will use the funds for its working capital.
Element 25's shares rose almost 2% in recent trading on Thursday.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。