Hydrocarbon Dynamics (AU:HCD) has released an update.
Hydrocarbon Dynamics is offering a non-renounceable entitlement issue, allowing eligible shareholders to purchase one new share for every three existing shares at 0.3 cents each, aiming to raise about $800,000. Participants will also receive one free unlisted option for every two new shares purchased. The funds raised will support the company’s working capital and exploration of new investment opportunities.
For further insights into AU:HCD stock, check out TipRanks’ Stock Analysis page.
