Allup Silica Completes Entitlement Offer, Raises $329,992

Allup Silica Ltd. (AU:APS) has released an update.

Allup Silica Ltd. successfully completed its entitlement offer, raising approximately $329,992 from the issuance of 9,428,362 new shares to eligible shareholders. The company plans to use the funds for pre-feasibility studies, exploration, and other operational costs. Shares not taken up in the offer remain available for placement over the next three months.

For further insights into AU:APS stock, check out TipRanks’ Stock Analysis page.