Eagle Mountain Mining Ltd. (AU:EM2) has released an update.
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Eagle Mountain Mining Ltd. has launched a renounceable entitlement offer to raise approximately $6.4 million, offering eligible shareholders two new shares for every existing share at A$0.008 each. The offer, which includes tradeable rights and an option for additional shares, is underwritten to 90% and aims to enhance the company’s financial footing. The entitlement issue is open to shareholders in several countries, with trading starting in early January 2025.
For further insights into AU:EM2 stock, check out TipRanks’ Stock Analysis page.