Infinity Mining Limited ( (AU:IMI) ) has issued an update.
Infinity Mining Limited has announced the dispatch of documents related to its Loyalty Option Offer, allowing eligible shareholders to subscribe for new options. This move is part of a pro-rata non-renounceable entitlement issue, providing shareholders the opportunity to acquire options at a minimal price, potentially enhancing their investment in the company. The offer is open until May 5, 2025, and aims to strengthen Infinity Mining’s financial position and shareholder engagement.
More about Infinity Mining Limited
Infinity Mining Limited operates in the mining industry, focusing on a diverse portfolio of projects across Australia, including regions like NSW’s Macquarie Arc and Victoria’s Melbourne Zone. The company specializes in high-grade resources such as copper, gold, and lithium, with its flagship project being the Cangai Copper Project, a historic high-grade copper mine with near-term development potential.
YTD Price Performance: 30.0%
Average Trading Volume: 499,281
Technical Sentiment Signal: Buy
Current Market Cap: A$5.5M
Find detailed analytics on IMI stock on TipRanks’ Stock Analysis page.