Empire Resources Limited (AU:ERL) has released an update.
Empire Resources Limited has announced a new standard pro rata issue of 370,978,306 fully paid ordinary shares. The offering, which is non-renounceable, is expected to have an ex-date on April 16, 2024, and close by May 2, 2024, with the issue date set for May 9, 2024. This move could signify an expansion or debt restructuring effort, likely to attract investors looking for fresh opportunities in the resource sector.
For further insights into AU:ERL stock, check out TipRanks’ Stock Analysis page.
