Alderan Resources Limited (ASX: AL8) announced the outstanding success of its non-renounceable pro-rata entitlement offer. Shareholders were allowed to apply for one new fully paid ordinary share for every two fully paid ordinary shares held on 29 August 2024, along with an additional attaching option for every four new shares applied for and issued under the Rights Issue. The response was extraordinary, with shareholders enthusiastically taking up their entitlements and raising an impressive AU$ 537,966.99. Notably, the company's directors demonstrated unwavering confidence by subscribing to their full pro-rata entitlements, totaling AU$72,859.16.
These raised funds, a testament to the unwavering confidence of its shareholders, will be primarily dedicated to advancing exploration activities at its existing USA and Brazil projects and general working capital. This marks an exciting and pivotal moment for Alderan Resources Limited as it forges ahead with its strategic growth and development.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
