Australian Strategic Materials Ltd (AU:ASM) has released an update.
Australian Strategic Materials Limited has announced a new securities issue, aiming to release over 17 million securities, including options exercisable at $1.74 with an expiry date of 31st October 2027. The proposed dates range from an ex-date of 1st May 2024 to an issue date of 27th May 2024 for a pro rata issue, and a proposed issue date of 24th April 2024 for placements or other types of issues. This strategic move could potentially provide an opportunity for investors to diversify their portfolios with ASM’s latest offering.
For further insights into AU:ASM stock, check out TipRanks’ Stock Analysis page.
