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The latest update is out from Polymetals Resources Ltd. ( (AU:POL) ).
Polymetals Resources Ltd has announced a Share Purchase Plan (SPP) offering eligible shareholders the chance to purchase up to $30,000 in new shares at $0.80 per share, mirroring the price offered to sophisticated and professional investors in a recent institutional placement that raised $35 million. The funds from the SPP, which aims to raise up to $3.2 million, will be used to bolster the company’s balance sheet, aid exploration efforts, and cover general working capital needs, potentially impacting the company’s operational capabilities and stakeholder interests.
More about Polymetals Resources Ltd.
Polymetals Resources Ltd is a company operating in the resources industry, focusing on exploration activities. They are listed on the Australian Securities Exchange under the ticker POL and aim to strengthen their market position through strategic capital raising initiatives.
YTD Price Performance: 1.26%
Average Trading Volume: 256,885
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$159.1M
For detailed information about POL stock, go to TipRanks’ Stock Analysis page.
