tiprankstipranks
Rapid Lithium Ltd. Launches Entitlement Offer for Shareholders
Company Announcements

Rapid Lithium Ltd. Launches Entitlement Offer for Shareholders

Armada Metals Ltd. (AU:RLL) has released an update.

Stay Ahead of the Market:

Rapid Lithium Ltd. is launching a non-renounceable entitlement offer to raise up to $2 million by offering existing shareholders in Australia and New Zealand the chance to subscribe for new shares. Eligible shareholders can purchase one new share for every 1.46 shares they hold, priced at $0.004 per share, along with options for additional shares. This strategic move aims to strengthen the company’s financial position and expand its growth prospects.

For further insights into AU:RLL stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App