Australian Potash Limited ( (AU:APC) ) has shared an update.
APC Minerals Limited has announced a renounceable pro-rata entitlement issue to raise approximately $1.93 million, offering three new shares for every two shares held by eligible shareholders at $0.011 per share. The funds will be used primarily for the LDP and Nexus Projects, loan conversions, and general working capital. Ineligible shareholders, those outside Australia and New Zealand, will have their entitlements sold by a nominee, with proceeds distributed after expenses, although there is no guarantee of sale or proceeds.
More about Australian Potash Limited
APC Minerals Limited operates in the mining industry, focusing on mineral exploration and development projects. The company is involved in projects such as the LDP Project and the Nexus Project, aiming to expand its mineral resource base and enhance its market presence.
YTD Price Performance: 15.38%
Average Trading Volume: 340,367
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$1.76M
Learn more about APC stock on TipRanks’ Stock Analysis page.