Connected IO Ltd. (AU:CIO) has released an update.
Connected IO Limited has announced strategic acquisitions in the uranium and gold sectors with the purchase of Namibian and Western Australian exploration projects, funded by a planned $5.2 million capital raising initiative. As part of its significant corporate transformation, the company also plans a share consolidation and the appointment of key management figures. These moves are aimed at repositioning Connected IO as a junior minerals explorer, subject to shareholder approval and compliance with regulatory listing rules.
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